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Portugal has become a top destination for foreign investments in recent years. According to EY’s Attractiveness Survey 2017, the number of direct foreign investment projects in Portugal grew by around 26% in 2016. 32% of investors inquired expect to expand or establish operations in Portugal in 2017. The country’s outlook for investment is even more attractive (an increase of 15% from 2016).

During recent years, Porto has also seen a big boom in foreign investment. There are currently 301 foreign multinational companies in Porto and 872 in the Porto Metropolitan Area. InvestPorto was created in 2015 by Porto Municipality to support investment attraction. In two years, InvestPorto has already supported 154 investment projects in the city, 75 of which are international, representing more than 400 million euros of investment and over 11,000 jobs. Many of these investments are in ICT, Nearshore and Shared Services, agrifood, real estate, tourism, health, biotech, among others.

Numerous international corporations have chosen Porto to set up their operations: shared service centres of Adidas, Siemens, Bosch, Infineon, Linde, Wipro and HB Fuller; insurance service centre of BNP Paribas Cardif; the recent engineering centre of Vestas; IT centres of Euronext, Natixis and IBM; research and technology centre of Microsoft; operation centre of Farfetch; among others.

In the last decade, Porto has also seen a remarkable development in its entrepreneurship ecosystem, being a dynamic birthplace of many startups. In 2015, 1722 new companies were established in the city of Porto. This represented a growth rate of 30% from 2012. Porto is the leading city in Portugal in the creation of technological startups, accounting for 36% of national total.

This flourishing ecosystem, together with the hosting in Portugal of the Web Summit in 2017 and 2018, following the successful 2016 edition, will contribute to a growing number of international job offers and new business opportunities throughout the country, including Porto, which will support the access of staff members’ families to a qualified and innovative labour market.

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