TravelTill

Economy of Hamburg


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area of about 2.2 km.

The project called HafenCity has 155 hectares in the area formerly belonging to the free port north of the Great Grasbrook. Until around the mid-2020s on the site to residential units for up to 12,000 people and jobs for up to 40,000 people, mainly in the office sector arise. It is the area's largest ongoing urban development project in Hamburg.

Construction work started in 2003, was completed in 2009 with the sub-neighborhood Dalmannkai / Sandtorkai - the first part of the HafenCity. According to the person responsible for the development and commercialization of HafenCity, HafenCity Hamburg GmbH, half of the master plan underlying structural volume is already realized, is under construction or in the construction preparation.

Many Companies operating in E-Commerce have moved into HafenCity or started there. In addition to cruise agents such as the CaptainTravel GmbH many Start-up Companies that have no direct connection to the port or ships can be found in HafenCity.

Media businesses employ over 70,000 people. The Norddeutscher Rundfunk which includes the television station NDR Fernsehen is based in Hamburg; as are the commercial television station Hamburg 1, the Christian television station Bibel TV and the civil media outlet Tide TV. There are regional radio stations such as Radio Hamburg. Some of Germany's largest publishing companies, Axel Springer AG, Gruner + Jahr, Bauer Media Group are located in the city. Many national newspapers and magazines such as Der Spiegel and Die Zeit are produced in Hamburg, as well as some special-interest newspapers such as Financial Times Deutschland. Hamburger Abendblatt and Hamburger Morgenpost are daily regional newspapers with a large circulation. There are music publishers, such as Warner Bros. Records Germany, and ICT firms such as Adobe Systems and Google Germany. Jimdo GmbH, a German web hosting provider, is headquartered in Hamburg. The Internet and telecommunications
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