Brazil: Mota-Engil wants to set up “internationalisation hub” in Brazil for the Americas

25 September 2008

Sao Paulo, Brazil, 25 Sept – Portuguese construction company Mota-Engil p+lans to set up in Brazil an, “internationalisation hub” for the Americas, alongside Mexico and Peru, the company’s chairman, Jorge Coelho said Wednesday in Sao Paulo.

Coelho, who has spent the last few days in Brazil having meetings with local authorities, told Portuguese news agency Lusa that the group was evaluating business opportunities in the water and waste, ports and concessions sectors.

Coelho noted that the Portuguese group was already present in Mexico, where it was building a motorway and would be involved in a public tender for construction work at a port, as well as in Peru, where it owns a mining sector company.

He gave no figures for the amount the Portuguese group planned to invest in Brazil, but noted that one of the areas to begin with would be a motorway concession in the State of Sao Paulo.

“Coming to Brazil is already a decision that has been made and we are now negotiating partnerships and agreement with Brazilian companies,” he said.

The group’s first step in internationalising to Brazil would be opening up an office in Sao Paulo and setting up Mota-Engil Brasil, which will have a similar business structure to the group in Portugal.

Over the last few days, the Mota-Engil delegation, headed up by Coelho, have met in Brasilia and Sao Paulo with various authorities, businesspeople and investment abnks. (macauhub)