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Financial Times award presented to city at Europe's largest real estate investment fair

Financial Times award presented to city at Europe's largest real estate investment fair
Porto. · 16 Mar 2022
The city of Porto received on Tuesday, in Cannes, the award for the 3rd place in the category "FDI strategy - Mid-sized Cities", attributed by fDi Magazine, a Financial Times publication specialized in international investment. The ceremony took place during Europe's largest Real Estate Investment Fair - MIPIM, which is being held from the 15th to the 18th of March in the French city.

After winning the 5th place in the 2020/21 edition, the city of Porto climbed to the European podium, reaching the 3rd position in the ranking of medium-sized European cities, in the category of best strategy for attracting foreign direct investment.

Representing the city were the Mayor of Porto, Rui Moreira, the councillor for Finance, Economic Activities and Taxation and for Economy, Employment and Entrepreneurship, Ricardo Valente, and the councillor responsible for Urbanism and Public Space and Housing, Pedro Baganha.

This achievement and rise in the ranking reflect the priority that the Municipality of Porto gives to economic dynamism and job creation, by attracting foreign companies and investors to the city. The municipal strategy is led by InvestPorto, a municipal division specialized in promoting and facilitating direct investment. Since its creation in 2015, InvestPorto has already contributed to the attraction of more than €1.7 billion in investment and the creation of more than 18,000 new jobs in Porto.

The table is led by Vilnius (Lithuania), followed by Belfast (United Kingdom) and Porto completes the podium, placing itself ahead of other European cities, such as Edinburgh, Newcastle and Nottingham, in the United Kingdom, or Bilbao, in Spain.

For the third time, Porto City Council is present at MIPIM, at stand E.50, on level -1 of the Exhibition Hall, a privileged location near the entrance to the main exhibition of what is the largest real estate fair in Europe, and a transit point for the more than 17,000 visitors expected. In an area of more than 2000m2, MIPIM 2022 will be attended by representatives from 100 countries, 3800 companies and more than 480 speakers.

Rui Moreira and Carlos Moedas reflect upon the cities in the post-pandemic

During the afternoon of this Wednesday, the conference that brings together, on the same stage, the mayors of Porto, Rui Moreira, and of Lisbon, Carlos Moedas, will take place in Cannes. A meeting that aims to reflect on the transformations of urban centres in a post-pandemic context, entitled "Leading Urban Transformation in Post-Pandemic Times".

Rui Moreira presents in Cannes the strategies, positioning and investment ecosystem of the city of Porto, taking a look at what is expected of the cities of the future, which are now centres of sharing, innovation and wealth.

At the conference, which is scheduled to start at 4pm (French time), the Mayor of Porto will also present the strategies for economic development and attracting foreign investment, for which the city was awarded third place in the Financial Times' ranking of European cities of the future, in the "Best fDi Strategy Mid-Sized Cities" category.

It should be noted that at the start of proceedings on Tuesday, Rui Moreira also participated in the "Political Leader's Summit" conference, in a panel that brought together several European policy makers in the field of urban planning, and whose welcome session was led by François Hollande, former President of the French Republic (from 2012 to 2017).