Mercadona, the Spanish supermarket chain, has announced the debut of its first store in Montijo, Setúbal district, the first of six new stores it plans to open across Portugal in 2022. The new 1,900 square metre store will offer a typical range of food, drink, home and personal care items and will create 65 jobs. The store will also feature 430 solar panels generating up to 200kW of renewable …
Investment
Softinsa, a subsidiary of global tech giant IBM, has announced plans to open an innovation and technology centre in the northern Portuguese town of Vila Real, creating up to 300 highly-skilled jobs by 2025. The project is a partnerhip between Vila Real city council, the Regia Douro Park science and technology park , Universidade de Trás-os-Montes e Alto Douro (UTAD), IBM Portugal and Softinsa and will particularly focus on developing …
Casais, the leading construction group and property developer, has announced plans to open what it claims is Iberia’s first timber-hybrid commercial building in the northern Portuguese town of Guimarães by the end of the year. The €11 million complex, which includes a 95-room hotel, 44 studio flats for rent and a commercial unit, is located next to the Universidade do Minho Hub. The timber-hybrid pre-fabricated construction is described as being …
MANCHESTER, UK – 8th June 2022: Portugal Connect meeting with the Portugal Secretary of State for Portuguese Communities Paulo Cafôfo, Ambassador Luís de Almeida Ferraz and Consul General of Portugal in Manchester Duarte Bué Alves.
A new teaching and technology center called Gaia Infinity Hub is to be built on a 21-hectare site in Madalena near the northern Portuguese town of Vila Nova de Gaia, local authorities have announced. Developed by the Brazilian firm Gestao de Capital & Management as part of a total investment of €700 million ($770 million), the new hub is designed to bring together students, renowned educational institutions and large companies …
We spoke to Miguel Pina Martins, CEO, Science4you in Portugal
Young people and the elderly will soon be able to travel for free across the Lisbon transport network if plans drawn up by authorities, led by City Mayor Carlos Moedas, are granted final approval. The scheme, which has reportedly been given the initial nod by the city’s executive, would apply to all journeys made with Carris, the company that operates Lisbon’s buses, trams, and funiculars. However, officials are hoping to …
The Regional Government of Madeira has announced the creation of what it claims is the largest Highly Protected Marine Area (HPMA) in Europe by significantly strengthening protections for seabirds and other wildlife in the existing Savage Islands marine reserve. The reserve covers an area of over 2,600 sq km within a 12 nautical mile radius of the Savage Islands and will be entirely protected from extractive activities such as fishing …
Portugal Tech, a “fund of funds” managed operationally by the European Investment Fund (EIF), has announced it secured €273 million ($309 million) in funding pledges at the Web Summit in Lisbon. Speaking at the launch of the Portugal Tech II program, Portuguese Finance Minister Pedro Siza Vieira claimed the multiplier effect was “much higher” than had initially been expected. “In total, Portugal Tech II aims to mobilize 250 million euros …
We spoke to Ricardo D’Souza, CEO, Titos Group in Goa, India.
Portugal Connect | Investment