Brazilian businesspeople discuss creation of technology center in Portugal

29 March 2006

Brasilia, Brazil, 29 March – Businesspeople form the new technologies sector will discuss Wednesday in Rio de Janeiro a project for setting up a technology center in Portugal, the Brazilian Ministry for Development, Industry and Foreign Trade said Tuesday.

The first stage of the project for creating “Condominium Brazil-Europe” consists of selecting 10 anchor companies in Brazil to set up in Portugal, the list of which is due to be announced by May.

The selected companies will have advantages agreed by the Portuguese and Brazilian governments for setting up in Portugal as well as European incentives.

Amongst the services that the Brazilian companies may provide are information technology solutions for data security, financial security applications and automatic banking, including ATM machines and programs and applications for electronic governance.

Rio de Janeiro will be the fourth Brazilian state to discuss the project, which has already been presented to businesspeople in Pernambuco, Sao Paulo and Santa Catarina.

Cobra, a computer manufacturer controlled by Banco do Brasil, is the driving force behind the project.

The technology center will benefit from incentives from the Ponte de Lima Council, in northern Portugal, in order that the platform for technology companies sets itself up in the region which, for that purpose, has provided a 32,000 square meter area for the company consortium.

The second stage of the project, expected in 2007, will be the selection of a further 20 companies providing complementary activities.

In the third stage, due in 2008, a further 20 companies will be selected. (macauhub)