Deputy Prime Minister and Minister of Economy Etienne Schneider and Minister of Sustainable Development and Infrastructure François Bausch were at the International Market of Real Estate Professionals (MIPIM) in Cannes yesterday.

The largest real estate market in the world, this year around 23,000 attended including 5,300 potential investors there to discover more about the 1,000 projects presented.

At the Luxembourg pavilion, Minister Schneider presented the Grand Duchy’s prospects for investment. “A large part of the investment in real estate projects in Luxembourg is carried out by foreign investors. This proves that our economic and political stability is highly appreciated and remains a major argument to make our country a privileged destination for the business world,” he said.

Minister Bausch discussed the prospect of constructing "hubs" along the proposed tramline, allowing passengers to easily migrate between modes of transport."Across the country, Exchange, enabling the user to change easily and quickly between different modes of transport, are being built. Nine of these poles of exchange are located on the line of the future tramway which will cross the entire metropolitan area of ​​the City of Luxembourg for a length of 16 km and will serve as a veritable spine of public transport. In addition, the construction of new railway stations on the outskirts of the city center," he said.

Image:Carlo Thelen, DG of the Chambre of Commerce, Etienne Schneider; Franaçois Bausch; Lydie Polfer, Mayor of Luxembourg; Paul Zilk, president MIPIM.© MDDI