Brazil: Portuguese investments total US$236 million in first quarter

30 April 2008

Brasilia, Brazil, 30 April – Portuguese direct investment in Brazil in the first quarter of the year totalled US$236 million, or practically double the amount invested in the year-ago period, the Brazilian Central Bank said in Brasilia.

In the period, Portugal was ninth on the list of the biggest foreign investors in Brazil this year, with 2.9 percent of the total.

The top five investors in Brazil are the United States (US$2.169 billion), France (US$901 million), the Netherlands (US$895 million), Germany (US$420 million), and Canada (US$364 million).

In March alone, Portuguese companies invested US$45 million in Brazil.

The biggest single investment from Portugal this year was made by Prolagos, the concessionaire responsible for basic sanitation and water supply in some municipal areas of Rio de Janeiro state, which invested US$100 million in Brazil.

In total, in the first quarter Brazil received US$8.8 billion in foreign direct investment (FDI), or 34 percent more than in the same period of last year. (macauhub)