Portugal: Portuguese agency attracts 1.7 billion euros in FDI in 2008

8 May 2008

Braga, Portugal, 8 May – AICEP, the Portuguese agency for Foreign Investment and Trade has already guaranteed foreign direct investment of 1.7 billion euros for this year, the agency’s chairman, Basílio Horta said Wednesday in Braga.

Adding that the contracted investments would ensure the maintenance of 20,000 jobs in Portugal and create 1,000 new jobs, Horta said that the aim was to increase this figure to 3 billion euros by the end of the year, which was the amount of investment achieved in 2007.

Horta was speaking to journalists at the end of a session to present support mechanisms for internationalisation, which was held at the headquarters of the Minho Industrial Association, in Braga, attended by 70 businesspeople.

Horta said that, as well as attracting foreign investment, Portuguese companies had to become more international and gave assurances that his agency “will always support every investment that is feasible and profitable,” pointing to the United States, Brazil, Angola, India, China and Singapore as priority markets for Portuguese companies and products. (macauhub)