LISBON: Productive foreign investment in Portugal more than doubled last year and investor interest remains strong despite a turbulent government change in late 2015, the head of the state agency for promotion of exports and investment (AICEP) said.
Miguel Frasquilho told Reuters in an interview the pipeline of foreign investment projects for 2016-18 attracted via government channels now amounted to a “fairly strong” total of over 2 billion euros ($2.28 billion), and the outlook was promising after last year’s sharp increase to 1.7 billion euros.
Productive foreign investment, defined as money flowing into fixed assets and inventories and excluding cash placed in financial instruments, created 5,000 jobs and helped safeguard another 30,000, he said.
Miguel Frasquilho told Reuters in an interview the pipeline of foreign investment projects for 2016-18 attracted via government channels now amounted to a “fairly strong” total of over 2 billion euros ($2.28 billion), and the outlook was promising after last year’s sharp increase to 1.7 billion euros.
Productive foreign investment, defined as money flowing into fixed assets and inventories and excluding cash placed in financial instruments, created 5,000 jobs and helped safeguard another 30,000, he said.
