Porto is a seductive city for the foreign companies
14 Dec 2016
Behind the touristic Porto, a city is
hidden that is seducing more and more companies based abroad. The secret seems
to lie first and foremost in the quality of university education, especially in
the technological areas. The price of the labor factor is competitive compared
to Central Europe, and the ability to speak languages also weighs in the
balance, alongside the country's security. With so many attractions, Porto is
generating jobs and working for the World.
Next year, the French bank Natixis will
set up a technology center in the city and will employ around 600 people. This
is mainly due to Porto’s geographical location, as well as to the strong
suitability between universities and the labor market, the high know-how,
professionalism and appetite for foreign languages.
This suitability is evident in the
business nest that is the Science and Technology Park of the University of
Porto (Portuguese acronym - UPTEC).
The structure houses the branches of eight companies headquartered abroad, in
addition to five that were created from scratch by promoters from other
countries. One of the examples beyond information and communication
technologies is the attention shown by the pharmaceutical industry to the Asprela area, where 26
entities/organizations are producing knowledge: hospitals, universities,
laboratories and companies.