Industry in Portugal

Due to the fact that Portugal noted a decline in the manufacturing sector, the country focuses strongly on the internationalization of its economy. The priority will be providing support for investment projects that will stimulate the production of goods and services transaction and will have a chance to appear in foreign markets.

Among the branches of the Portuguese economy, particularly noteworthy are renewable energies and production of equipment for their production. Investments in renewable energy sources give Portugal third place among European countries with 42 % of the total energy production. The main role is played by wind energy.

One of the key industries is the production of textiles and clothing. In recent years, the government has allocated 850 million euros to boost production. There are also financial incentives for foreign companies that want to modernize the textile mills in Portugal. In addition, the government offers assistance in providing loans to investors interested in the clothing sector.

A wide range of investment oppurtunities can be found in Lisbon, which provides about 45 % of GDP. The main manufacturing centers here are refineries, steel mills, shipyards and fish processing factories . Lisbon is also waiting for investors who will invest in renovation of the main districts of the city introducing bicycle lanes and other facilities. Investors, who are interested in Lisbon can count on highly skilled, creative and multilingual group of specialists at low labor costs (half the European average).