1. Attracting foreign direct investments to Norway
State Secretary Oluf Ulseth
Ministry of Trade and Industry
The American Chamber of Commerce
Wednesday, October 23rd, 2002

2. Foreign investments has played a central role in Norway

3. A small and open economy
Main export goods from Norway

4. A balanced development
Central Bank, Norway

5. Total FDI in Norway, stocks
Central Bank, Norway
Ministry of Finance
Economist Intelligence Unit

6. Business Policy Challenges
Economic globalization
Need for growth in non-petroleum industries to reduce dependency on the petroleum sector
Need for a comprehensive approach to innovation
Modernising the large public sector
Further reduction of state ownership in the Norwegian economy

7. A Sound Business Environment
Responsible macro-economic policy. Prudent use of oil revenue in the economy
Reduction of taxes and charges
Simplifying rules and regulations
Cooperation in Europe and globally. Benchmarking
Integrating industry interests in environment and energy policies

8. A Policy for Growth and Innovation
Scientific research
Applied research
Commercial project
A comprehensive approach to innovation
Research and development policy is crucial for innovation
Tax incentives for firms
A strengthening of industry related research
International R&D cooperation. Participation in EUs sixth Framework Programme
Betydningen av den intellektuelle kapitalen for verdiskapning og konkurranseevne i næringslivet har fått økende oppmerksomhet de siste årene
Intellektuell kapital: Samspillet mellom humankapital, strukturkapital og relasjonskapital
Humankapitalen
3,5 time
Høyt kvalifiserte relativt billige

9. State Ownership in the Norwegian Economy will be Further Reduced
Ownership at the Oslo Stock Exchange..
The Norwegian Government controls large companies and assets
Stricter corporate governance guidelines for commercial state owned companies will be introduced
State ownership in the Norwegian economy will be reduced
.. in addition to other key state assets
USD bn

10. Success stories from Norway
Amersham Health: expansion of production facilities at Lindesnes.
Norwegian continental shelf: Foreign capital important factor during build up. To extract more oil and gas, major investments still needed.
ABB Offshore Systems: Head office located in Norway

11. Invest in Norway
Norway ranked fourth in the Potential Index in the World Investment Report.
Structural changes underway which will give investment opportunities.
Reform of political instruments: Proposal for an “Invest in Norway” function.
Inform about opportunities
Rules and regulations
© Norsk Hydro AS and Bergesen d.y. ASA

12. Norway – attractive economy and market
GDP per capita close to $ at PPP
”Cheap” experts, managers and CEOs
Skilled workforce
Stable government
Hay Group and the Economist Intelligence Unit