Lisbon, Portugal, 9 Sept – The investment contract with Brazilian aeronautical company Embraer is being analysed by the Portuguese Finance Ministry and is due to be presented to the Council of Ministers Thursday, the chairman of Portugal’s Agency for Investment and Foreign Trade (AICEP) said Monday in Lisbon.
According to Basílio Horta, the Brazilian aircraft manufacturer plans to build two components factories in Évora, in a project estimated to cost 170 million euros and which has already been signed by the Portuguese government.
Embraer’s investment is split between setting up a metallic structures factory (around 117 million) and a composite parts and materials and assembly factory (around 52 million).
The two factories have set the end of 2009 as a deadline for going into operation and are expected to create 600 direct jobs. (macauhub)