(PRWEB) December 18, 2012
Waseem Saddique comments: “Brazil continues to spark the interest of investors both nationally and internationally. Brazil’s northeast regions are currently in the limelight as major changes to infrastructure gather momentum. The latest announcement from Brazil’s Federal Government is a plan to invest 54.2 billion reais in ports across Brazil by 2017.”
For Brazil’s northeast region this is relativity good news, as ports in the areas of Pecém in Ceará, Itaqui in Maranhão and Suape in Pernambuco, will receive significant investment for improvements.
Waseem Saddique says: “The bigger picture offers more positive news as the knock on effect that this investment will have on other sectors will be extremely beneficial. The Brazilian real estate market, the Brazilian economy and the Brazilian jobs market all stand to benefit from investment in port infrastructure in the areas mentioned above.”
Significantly, the area of Pecém in Ceará has a need for vacancies to be filled on its port complex; the news of further development will create further job opportunities attracting labourers to the area. In turn, this will have a significant impact on the Brazilian real estate market and labourers attracted to the area by the lure of work will need housing accommodation.
Much of the investment – approximately $31 billion dollars – will be made in 2014 and 2015, with the remaining amount made across the following two years. The investment plans outlined for Brazil’s ports comes just months after President Dilma Rousseff announced that extensive investment will also be ploughed into highways and railroads at a cost of $133 billion over 25 years.
Waseem Saddique states: “Such investment will alter the infrastructural outlook of Brazil greatly. What’s worth noting is the impact that such large-scale change will have on other sectors like the Brazilian real estate market, the jobs market and the economy in general.”
Commercial sectors also stand to benefit from continued investment into infrastructure.
Commercial real estate prices look set to increase as demand becomes higher and the demand has already begun with a number of top European companies looking to expand business operations into Brazil in order to capitalise on the growing economy.
Investment into Brazilian ports has attracted significant attention from a national and international audience. Potential investors looking to invest into Brazil, in whatever capacity, whether it is the real estate market or some other venture, they will be monitoring Government investment into the ports, seeking that golden opportunity.
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