Magdeburg is a city that is as dynamic as its river. In fact, the Cologne Institute for Economic Research (IW) has even certified Magdeburg’s above-average developmental momentum. The fact that the city is located in close proximity to important transport axes, its successful structural transformation from a centre of heavy mechanical engineering to a mechanical engineering service provider and the close connections between research and development institutions linked to the Otto von Guericke University, Magdeburg-Stendal University of Applied Sciences and industrial companies means that everything flows in the capital city of the German federal state of Saxony-Anhalt.
The driving forces behind the economy are its key industries of mechanical and plant engineering, logistics, environmental technology and recycling management, health management and the cultural and creative industry.
Dynamic on the road, rail, water and in the air
Magdeburg boasts an impressive reputation in the logistics industry as a dynamic and centrally located traffic junction for the major German cities of Hamburg, Berlin, Hanover, Leipzig and Dresden.
Its major assets are its optimal motorway, train and airport connections, one of the largest inland ports in the states of the former East Germany and the longest canal bridge in the world.
The mechanical and plant engineering industry has established a strong position in Magdeburg, the City of Otto, and the local region with around 60 companies and approximately 11,000 employees.
A particularly important employer is the company SKET, which emerged from the city’s former heavy mechanical engineering combine and now manufactures and assembles wind turbine components for the wind power plant manufacturer Enercon.
A special focus on education and research
The City of Otto is a vibrant student city with a total of around 19,000 students at the Otto von Guericke University and the Magdeburg-Stendal University of Applied Sciences.
Its research landscape is characterised by more than 20 renowned research institutions such as the Fraunhofer Institute for Factory Operation and Automation (IFF), the Max Planck Institute for Dynamics of Complex Technical Systems, the Leibniz Institute for Neurobiology (LIN) and the Helmholtz Centre for Environmental Research (UFZ).
The close connections between research institutions and companies in the city is particularly visible in the fields of metal processing and neuroscience.
On the road to success: the tourism industry
In 2015, the number of guests and overnight stays in Saxony-Anhalt increased. A total of 3.14 million guests stayed at the state’s tourist accommodation establishments, 128,000 guests more than the total recorded in the previous year. 7.61 million overnight stays were booked in 2015, representing an increase of 2.4 percent compared to 2014.
The Magdeburg and Elbe-Börde-Heide region was also able to achieve positive results, with 5.5 percent more guests and 3.7 percent more overnight stays. More than 600,000 overnight stays were booked in Magdeburg alone in 2015.
Another highlight of the capital city of Saxony-Anhalt is the fact that it is located on the Elbe Cycle Route, which was selected as the most popular long-distance cycle path in Germany by far for the 12th time in a row in 2016.
Magdeburg is also a conference and congress location. As a service partner situated directly in the city centre, the Magdeburg Conference Office cooperates with the city’s event venues, professionally equipped conference and congress hotels and extraordinary locations.
A pioneer of barrier-free services
The topic of barrier-free travel is becoming increasingly important in the tourism industry. Saxony-Anhalt and its capital city in particular are leading the way where this topic is concerned.
In fact, not one, but three companies and institutions based in Magdeburg, namely the Tourist Information Magdeburg, Magdeburg Youth Hostel and the Guericke Centre, have all been awarded the “Barrierefreiheit geprüft” seal of approval for certified accessibility.
Furthermore, the “Barrier-Free Destinations” Association, which features Magdeburg among its members, recently received the new award for barrier-free services presented by the German Federal Parliament for the first time.