An article published in the World Economic Forum highlights the role of InvestPorto

03 Feb 2017

"Economic nationalism is on the rise, but the future of trade lies with cities” is the name of the article published in the World Economic Forum and that highlights the role of InvestPorto in the attraction of investments for the city of Porto.

The article addresses the importance and continuous exercise of cities and, consequently, their agencies, in attracting investment, going on to say that "in a world of global value chains and planetary capital flows, it may sound paradoxical, and even reckless, that local governments are stretching their necks out to compete over foreign direct investments (FDI)”. The authors even pointed out that "for every national agency, we have indeed approximately 50 at the local level promoting their economic interests internationally”.

According to the publication, while national investment agencies act superficially, local/municipal investment agencies perform their tasks more directly, focusing their actions on specific projects and investments. Therefore, InvestPorto was highlighted as a good practice, not only for its tasks of promoting municipal incentives and offering its business intelligence services, but also for facilitating licensing processes and set-up procedures of new investments and investors.