The Oeiras Valley Investment Agency is pursuing Chinese tech firms for a business park in Oeiras, Portugal, set to begin construction soon. António Martins da Cruz, OVIA president, noted significant Chinese investment planned for 2025. Partnerships with companies in Macau’s Hengqin zone are also underway to capitalize on investment potential in Portugal.
The Oeiras Valley Investment Agency (OVIA) is actively engaging with Chinese technology firms in Macau, with the aim of enticing them to a newly planned business park in Oeiras, Portugal. Construction is anticipated to commence later this year, as OVIA president António Martins da Cruz emphasized the interest in increasing investments, particularly within the technology and construction sectors, in the area located approximately thirty minutes from Lisbon. Martins da Cruz highlighted that Oeiras is already set to host Portugal’s largest Chinese investment by 2025, which includes a business and residential park consisting of 18 buildings. Infrastructure work is projected to start soon, with this initiative being a collaboration between China State Construction Engineering Corporation (CSCEC) and the Portuguese group Teixeira Duarte. He noted the potential for further investments, leveraging the expertise of Chinese enterprises from the Greater Bay Area. The Oeiras delegation plans to meet with companies in the Hengqin In-depth Cooperation Zone that are eager to explore investment or partnership opportunities in Portugal. Martins da Cruz remarked, “Macau is clearly the gateway for the Portuguese; it’s a window of opportunity that we intend to seize,” identifying the strategic importance of Macau in these economic pursuits. Established in 2003, the Macau Special Administrative Region aims to enhance economic and trade relations with Portuguese-speaking nations. The same year, the Forum Macau was introduced to foster collaboration between China and these countries. The OVIA president expressed optimism about the business park, expected to primarily host Chinese firms, while remaining open to all enterprises. He articulated a clear message of opportunity for investors: “Want to invest in the European Union? Come to Portugal, and come to Oeiras.” This statement was made during the OVIA workshop at City University of Macau, coupled with the delegation’s visit to the recently concluded Macau International Fair.
The initiative by the Oeiras Valley Investment Agency to attract Chinese technology companies is aimed at enhancing economic collaboration between Portugal and China. The planned business park in Oeiras signifies a strategic partnership, further supported by the significant Chinese investment already set for 2025. By fostering relationships through meetings with companies in the Hengqin zone, Portugal seeks to leverage its connection with Macau as a channel for attracting Asian investment.
The efforts of the Oeiras Valley Investment Agency to engage Chinese tech companies represent a significant economic opportunity for both parties. The impending construction of a business park in Oeiras reflects Portugal’s growing interest in attracting foreign investment, particularly from China. This endeavor is expected to enhance the economic landscape of Oeiras while serving as a gateway for Chinese companies seeking presence in the European market.
Original Source: www.macaubusiness.com
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