Portuguese consultancy Edeluc to take 30 companies to Weifang Economic Forum

3 April 2006

Lisbon, Portugal, 03 April – Portuguese consulting company Edeluc plans to take 20 to 30 Portuguese companies to the Weifang International Economic Cooperation and Development Forum, in the Chinese province of Shandong, on April 20, at which Portugal will be one of the main countries.

Fernando Costa Freire, the managing director of Edeluc, which specializes in advising on investment in China, told Macauhub that the event had generated a “lot of interest” within the European business community.

Edeluc recently bought the right to use almost 40 percent of the Export Processing Area in Weifang, in Shangdong province, with the aim of installing companies that wish to launch themselves onto the Chinese market.

Currently, Edeluc is concluding the construction of three buildings, with an area of around 24,000 square meters each, which will be ready to house companies as of the end of April.

According to Costa Freire, it is mainly industrial companies that will have advantages from taking part in the Weifang Economic Forum, which will provide an opportunity to understand the local market and make contacts with partners and investors.

“It makes complete sense for production to be delocalized, and China has the production conditions that no other country has. But, these days, it provides numerous investment opportunities and is the world’s largest receiver of foreign direct investment,” he told Macauhub.

Together with Germany and Malaysia, Portugal will be one of the countries highlighted at the Forum.

Amongst the confirmed speakers are Hui Liangyu, Vice-Premier of the State Council, the deputy trade minister and Tung Chee Hwa, former Chief Executive of Hong Kong.

Around 200 businesspeople from around the world are expected to attend, according to the organizing committee for the Forum. (macauhub)