Portuguese businesspeople to invest over 625 million euros in Bahia

8 May 2007

Salvador da Baia, Brazil, 8 May – Portuguese businesspeople are set to invest over 625 million euros in the Brazilian state of Bahia over the next three years, the chairman of the Portuguese Chamber of Commerce in Brazil – Bahia said in Salvador da Baia Monday.

Eduardo Salles said that the Portuguese investments would mainly be in the areas of tourism, agriculture and construction.

Salles added that Portuguese investments in Bahia currently totaled 880 million euros and were responsible for creating 45,000 direct and indirect jobs in the state.

Sao Paulo is the Brazilian state that attracts most investment from Portugal, followed by Ceará, Rio de Janeiro and Bahia.

At the 1st Seminar of Bahia/Portugal Business Opportunities, which brought together around 300 businesspeople from both countries over the last three days in Salvador da Baia, Salles called for more Portuguese businesses to be created in the state.

According to the chairman of the Chamber, the initiative was the start of a number of events that aim to increase the commercial and cultural integration of the state of Bahia and Portugal.

The Chamber of Commerce, which was set up in 2003, currently has 156 associates, 110 of which are Brazilian businesspeople and 46 are Portuguese. (macauhub)