The closure of the Kockums shipyard in the mid-80s deprived the city of one of its largest employers, and the former site of the shipyard was used by the University of Malmö. In addition, many middle-class families moved to detached villas in the surrounding areas, such as Vellinge and Lomma, which have gradually become upper-middle-class neighborhoods.

Faced with this, in the late 1990s, Malmö embarked on a plan to redevelop attractive waterfront residences. In 2001, on the site of the port in the southwest, which has been abandoned, an urban architecture fair (BO01) was held.

New apartments and villas are being built to become the city's new neighborhood, with a very attractive waterfront landscape, targeting the urban middle class.

In 1985, Malmö lost 35,000 inhabitants to a total of 229,000. However, difficulties have only just surfaced. Malmö lost 27,000 jobs in 1990-95, causing severe economic tensions.

Thanks to several government-funded projects, Malmö began to take on a modern appearance in 1995. Malmö has the highest percentage of non-Scandinavians of any city in Sweden. This has led to severe social polarization and high unemployment in the cities.

The oldest part of Malmö was built between 1300 and 1600, during the period of the first expansion. To this day, the layout of the streets and some old houses in the center of the city still remains.

After several actual periods of economic recession, the next period of development was in the mid-19th century, transforming Malmö into a modern city of stone and brick. Malmö was one of Sweden's cities in the 1930s that was influenced by utilitarian modern architecture.

Around 1965, the government began the Million Project to provide comfortable apartments on the outskirts of Sweden's major cities. However, there were also many places in the center of the city that were rebuilt or demolished during this period.

In recent years, more bold buildings can be seen. The port to the west was once the main site of heavy industry, but was rebuilt in 2001 to become Malmö's superlative residential area, including the Bo01 district, which is the most exclusive complex of buildings.

Adjacent is the HSB Turning Torso, a special spiral-shaped skyscraper with a height of 190 m (623 ft).

Traditionally, Malmö's economy has been based on shipbuilding and construction-related industries, such as concrete plants. The region's leading university, and associated with the high-tech and pharmaceutical industries, is located 16 km northeast of Lund.

As a result, after the mid-1970s, the Malmö economy suffered a dire situation. Between 1990 and 1995, 27,000 people were unemployed and the fiscal deficit amounted to billions of SEK. In 1995, Malmö reached its highest unemployment rate.

However, in the last few years, the economy has begun to recover. The factors that played a role were the economic imbalances brought about by the Öresund Bridge, the construction of the City University in 1998 and the influence of the founding of the European Union.

Boiderberg's captivating debut film (1963) is a vivid depiction of Malmö, with a large deal of attention to the working class living at Malmö's bottom.

It depicts the conflict of classes and the generation gap between people of different eras with humor and sensitivity. The film was nominated for the 1965 Academy Award for Best Foreign Language Film.

In 1944 the Municipal Theatre, one of the oldest cultural centres in the city, was inaugurated with several halls and a warehouse, the main hall being the hall of the most spacious theatre in Sweden. Plays, operas, musicals, ballets, musical recitals and experimental plays are often held. In the 1950s, Ingmarbergman was the director and stage director there, making it one of the most dynamic venues in the country.

In his more than sixty films, he tapped many actors (such as Maxvonsydo and IngridThulin). Later directors included Styanval de Marholm and Göränstangertz.

From the 1970s onwards, Malmö became home to a large number of independent theatre groups and a number of musical theatre companies.

It is also home to a large number of rock, dance and music events. As in the 1960s Therollingstones performed Klubbbongo, in recent years stars such as Morrissey, Nickcave, and Patmetheny have frequently visited the city.

The Rooseu Centre for Contemporary Art, founded in 1988 by the Swedish art collector and financier Fredrikroos, is located in a former power station built in 1900 and was one of the most important centers for contemporary art in Europe between the 1980s and 1990s.

In 2006, a large number of exhibits were auctioned, the museum was suspended, and the future funding and location of the museum have not yet been determined.

Malmö's opera is a household name in Sweden, and quite a few operaists, musicians, and virtuoso have performed there.

Every year in the third week of August, the Malmö Festival, or Malmö Festivale in Swedish, is a place of food and events. The Buff Film Festival, the International Children's and Youth Film Festival, takes place in Malmö every March. Malmö was also the site of the 1992 Eurovision Singing Competition, which Sweden won the previous year.

Malmo's most famous football club is Malmö FC, which is the top team in the Swedish Premier League.

At their peak in the 1970s and 1980s, they won the league title several times. In 1979, they reached the final of the European Championship and became the UEFA Champions League. After that, they began to go through a period of slump until they won the Swedish Premier League again in 2004.

The second most famous team is the Malmö Red Eagles in ice hockey, which was founded by a millionaire and grew rapidly, reaching its peak in the 1990s.

Is the skyscraper of Malmö, Sweden, by the Spanish architect Santiago? Designed by Kalotrava, it was officially inaugurated on August 27, 2005.

At 190 meters and 54 floors, it is the second tallest residential tower in Europe and the tallest building in Scandinavia. The building is divided into nine floors, each with five floors. Each floor is oriented differently from the one below, with the highest floor at right angles to the bottom floor, making it appear as if the entire building is turning.

The design of the building is derived from the sculpture tistingtorso. The first and second floors are used for office purposes, the third to ninth floors are used for residences, and the highest floors, 53rd and 54th, are meeting rooms. In the residential area, there are three to five units per floor.

One of the reasons for the construction of the rotary centre was the relocation of Malmö's old landmark, the shipbuilding crane Kockumskranen (less than a kilometre from the centre), in 2002. The rotating centre will serve as a new, more cosmopolitan and modern landmark for Malmö.

The square is the oldest square in the city. It was built more than 470 years ago by order of then-Mayor Cook. His former residence is located near the square and is a typical Hanseatic brown-and-red building. The town hall was built in 1546 in the Dutch Renaissance style.

To the right of the town hall is a beautiful brown-red building called the Lion Pharmacy, which was built in 1571 and got its name from the old pharmacy on the first floor. In the middle of the square is a statue of King Carl X of Sweden, who won over Denmark and turned Malmö into a Swedish city.

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