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Porto wants to attract investment

26 May 2015
Protocols were signed by InvestPorto, in Casa do Infante, with the Portuguese trade and investment agency (AICEP), Health Cluster Portugal, and several Commerce and Industry Chambers (Italian Chamber of Commerce in Portugal, Portuguese-Colombian Chamber of Commerce and Industry, Portuguese-Mexican Chamber of Commerce and Industry, Portugal-Angola Chamber of Commerce and Industry, Portuguese-Chinese Chamber of Commerce and Industry and Portugal-Mozambique Chamber of Commerce and Industry).

In the Mayor’s perspective, "Porto distinguishes itself from other alternative investment destinations not due to exceptionally low costs or low added value, but because its competitive advantage lies in what Anglo-Saxons call "value for money”, a concept where the mix of resources and expertise leverages high added value operations with significantly competitive costs when compared to other alternative locations, namely in the European sphere”.

"We have a strategy and a positioning. We also have a shared vision that involves our intended future players – a vision that allows us to act in this global world characterised by local strong rivalry between preferred investment destinations. We want to attract investment with high added value, but our intention is by no means a coincidence or a naïve approach”, said the mayor.

To this regard, Rui Moreira recalled the fact that Porto has over 60 thousand higher education students and trains around 13.500 graduates and 500 PhDs each year within the city’s excellent institutions that joust with the best international practices. According to the latest data available, there are 628 R&D units in the Greater Porto area, corresponding to a labour force in R&D over 9 thousand people. "We cannot throw away such potential”, highlighted the mayor.