Investment contracts are known for their positive impact on productivity and economic growth. And there’s a good reason for that: just last year, foreign investment in Portugal reached €2.7 billion, a record figure according to the secretary of state for Internationalisation.
In total, 124 foreign projects were contracted throughout the year, spreading across 70 municipalities all over the country. That’s right! Despite their rather advanced stage of economic development, Lisbon or Porto are not the only areas of major interest to investors.
And where is all this investment coming from? There are two suspects: France and Brazil!
€1,207 million makes France the largest investor in Portugal
France is our largest foreign investor, according to the president of the Luso-French Chamber of Commerce and Industry.
By 2015, the country had an already strong presence in our economy, especially in key areas such as the industry and communications sectors. But this activity skyrocketed in 2021, bringing their overall investment in Portugal to a record figure of €1,207 million. This was three times higher than the investment made in 2020!
Brazilians invest up to €1 billion in Gaia’s new tech hub
On the other hand, many Brazilian businessmen are choosing our country for their endeavors. The Brazilian group GCMP – Gestão de Capital & Management is now working on a new “Silicon Valley-like” area in Vila Nova de Gaia, having already acquired 21 hectares of land.
The center will be known as Gaia Innovation City and the goal is to bring the academic and technological world together.
A perfect match of opportunity, tech skills, and quality of life
At Easely Portugal, our team of experts can provide you with all the support you’ll need when investing. We’re ready to be your gateway through every step of the process, finding the best opportunities and financial incentives for you.
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