Porto is featured in the April/May 2023 magazine fDi Intelligence
The city of Porto, Europe's leading large city for FDI strategy, proudly took the spotlight in the esteemed fDi Intelligence magazine's April/May 2023 edition.
The city of Porto, Europe's leading large city for FDI strategy, proudly took the spotlight in the esteemed fDi Intelligence magazine's April/May 2023 edition.
Read the full article here:
"Porto has grown into a global FDI hub of the future, being ranked for the first time as Europe’s best large city for FDI strategy in fDi’s European Cities and Regions of the Future 2023 awards.
Located in northern Portugal, Porto is the center of the so called Porto Metropolitan Area where 1.7 million people live. It is an economically competitive and industry-driven region, representing 16% of Portugal’s GDP in 2021. In recent years, Porto has become a hotspot for foreign direct investment (FDI) in Southern Europe, attracting over 2.7 billion euros in FDI projects and and been able to create 17,400 jobs over the last 3 years.
The volume of investment by foreign companies remained strong during and after the COVID-19 pandemic, reaching a record level of 1.1 billion euros in 2022.
Porto’s value proposition as a global FDI hub of the future stems from the region’s vast pool of talent, its world-class universities, the city’s thriving innovation and entrepreneurship environment, its optimal location with a modern digital infrastructure and great connectivity to EU and global markets, as well as Porto’s exceptional quality of life and welcoming nature. These structural factors, together with the unique combination of cultural heritage and innovation, make the Porto region an ideal business hub for 21st century companies to develop highly innovative projects and quickly adapt to today’s challenges.
The local investment promotion agency, InvestPorto, provides investors with tailored support services such as business intelligence, softlanding, as well as aftercare and talent management services to promote the retention and expansion of sustainable investments in the city.
With a vision focused on the sustainable future, Porto is joining forces with neighboring cities Matosinhos and Gaia to promote the region under the new Greater Porto brand,which is poised to become a trailblazer daring to reinvent history."
This article is the result of the award Best European City of the Future for FDI, in which Porto ranked first.
