Unique Course Launched to Help International Companies Enter the Swedish Construction Market
The strong construction market in the Stockholm region has created lucrative opportunities for international companies. A requirement to be able to seize these opportunities is to have an understanding of the procedures and regulations of the industry in Sweden. To help foreign companies enter and succeed on the Swedish market, Invest Stockholm, Tyréns and SABO have joined forces to launch a two-day intensive course covering the fundamentals of the Swedish construction industry. The course is new of its kind and will take place for the first time in Stockholm October 2017.
The investment opportunities in the Stockholm region is estimated to be EUR 95 billion through 2030 in the areas of housing, infrastructure and innovation. A sweeping 340 000 new dwellings will be built, which alone will require investments at a record level of EUR 53 billion.
“The rapidly increasing demand for construction firms has created immense opportunities for foreign acompanies looking to enter Scandinavia’s biggest construction market” says Erik Krüger, Business Development Manager at Invest Stockholm.
Invest Stockholm, the official investment promotion agency of Stockholm, has seen an increased interest among international companies wishing to enter the Stockholm region in the last year. However, there are challenges to overcome.
“One of the greatest challenges for the international companies has proven to be understanding and navigating the Swedish regulations for construction work. The regulations are strictly enforced by the authorities and understanding them is paramount to winning and profiting from construction contracts in Sweden”, says Ulrika Grundström, Bid and Contract Department Head at engineering consulting firm Tyréns.
To assist the international contractors, Invest Stockholm, Tyréns and the public housing industry organization SABO have developed a course that covers the fundamental aspects of the Swedish construction industry.
“The objective is to give an introduction to statutes and regulations that are unique to the Swedish construction industry. The intention is to supplement the contractors’ practical expertise with knowledge of the Swedish regulatory framework, focusing on aspects that have a direct impact on project profitability, says Jonas Högset, Head of New Construction at SABO.
The course is new of its kind on the European market, and is available in two different versions focused on real estate and infrastructure, respectively. The curriculum covers the essential legal and procedural aspects of bidding for and executing construction contracts in Sweden. Read more at: https://construction.sabo.se/
About the organisers:
Invest Stockholm is the official investment promotion agency for the City of Stockholm. The principal focus areas are business services, introduction to relevant contacts in industry, investment promotion and the development of Stockholm as a location for establishing businesses.
Tyréns is one of Sweden’s leading engineering consulting firms within infrastructure and urban development. The firm has 1900+ employees and offers a wide range of services to private and public sector clients. Tyréns provides customized services to international clients and has unique experience in helping foreign companies bid for and execute contracts in Sweden.
SABO – the Swedish Association of Public Housing Companies – is an industry and interest organization for Swedish public housing companies. The organization aims to provide its 300 members with good operational conditions, as well as promote a positive development for rental property in Sweden.
For more information, please contact:
Erik Krüger, Business Development Manager, Invest Stockholm, [email protected],
+46 (0) 70 472 80 87.
Stockholm Business Region, with its subsidiaries Invest Stockholm and Visit Stockholm, is the official investment and tourism promotion agency for the Stockholm region. Stockholm is one of Europe’s most dynamic sustainable regions. Stockholm Business Region is fully owned by the City of Stockholm. Our common brand is Stockholm – The Capital of Scandinavia.