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Malmö is the commercial centre of southern Sweden and an international city. This is expressed, not in the least, by the fact that Malmö has 265.000 residents who speak some 100 languages and belong to 164 different nationalities. Malmö is also undergoing a transition from being an industrial city to a city of knowledge. Older industries have been replaced by investments in new technology and training programmes of high calibre. Malmö University, which opened in 1998, is Sweden's latest venture in the field of higher education, accommodating some 15.000 students.