Mitiska REIM, a commercial real estate developer, has announced it is to invest €20 million to build a new 21,000 sq m out-of-town retail development near Portimão in Portugal’s Algarve region, creating 200 or more new jobs. The new Nova Vila Retail Park development will benefit from 875 free parking spaces and will be located near the A22, the principal motorway running east-west through the Algarve. Commenting on the project, …
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Portuguese energy firm Galp is claiming a European first with the launch of the Galp Smart Store, an unmanned retail store located on a petrol station forecourt. Situated on Avenida Gago Coutinho in Lisbon, the shop aims to provide a simpler retail experience by using technology from Portuguese tech startup Sensei that allows customers to buy products 24 hours a day without queuing or scanning. Having first downloaded and associated …
Portugal is set to become a new destination for medical tourism thanks to a recently-launched initiative bringing together the country’s healthcare industry and state trade and tourism agencies. The Medical Tourism in Portugal portal will offer specialized services in medical fields such as cardiology, dermatology, oncology, rehabilitation, plastic surgery, ear, nose and throat medicine and orthopedics. Modern infrastructure, latest-generation equipment, and highly qualified staff, combined with Portugal’s established status as …
Bosh, the German multinational engineering and electronics company, has announced it is to install a new production line to manufacture heat pumps at its thermotechnology facility in Aveiro, creating 300 jobs. The company plans to open the new manufacturing line in two phases, investing a total of €12 million ($12.5 million), with production commencing in the first half of 2023. The line will allow Bosch to manufacture external units for …
Hotel chain Yotel has announced plans to open its second location in Portugal in 2024 at Foz Vintage (FVC) Group’s Lisbon World Trade Centre (WTC). The UK-based group, which claims to offer innovative experiences through smart design and creative technology, said the new 127-room hotel would also feature a restaurant, event space, panoramic rooftop bar, co-working space, and fitness centre. Located in Carnaxide (Oeiras), the Lisbon WTC will be part …
Lidl, the German retail chain, is investing a further €2 million ($2.1 million) in training as part of preparations to open its first stores in Madeira in June 2023. The discount grocer has already announced a total investment of €100 million ($106 million) to support three initial store openings on the Portuguese island, including the creation of 150 jobs. Lidl plans to recruit a range of roles, including store managers, …
50,000 tons of green hydrogen and 500,000 tons of ammonia per year are set to be produced at facilities near the Portuguese town of Sines through a new €1 billion scheme. The MadoquaPower2X project, which is expected to create more than 200 jobs, is being led by Portuguese firm Madoqua Renewables, in partnership with Dutch energy transition project developer and consultancy Power2X (Power2X) and Danish fund manager Copenhagen Infrastructure Partners’ …
Siemens, the German technology company, has announced plans to expand its Lisbon Tech Hub, an internal competency centre for information technology (IT) services. The Lisbon Tech Hub launched in 2014 with an initial workforce of 40. Since then, headcount has increased significantly, and more than 1,300 staff are now employed at the site. Of around 300 positions currently available across Siemens’ Portugal operations, 160 new roles are described as being …
Airbus, the multinational aerospace corporation, has announced plans to create an additional 300 jobs at its Global Business Services (GBS) centre in the Portuguese capital Lisbon. Located in Parque das Nações, the company is targeting total headcount of 800 by 2025 in roles managing administrative, transactional, reporting and IT services, mainly in support of Airbus’ Finance, HR, Procurement, IM, Engineering, Communication, Customer Services, Legal and Compliance departments. Lisbon was chosen …
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