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Invest in Recife

Recife, the beach city, is the capital city of the state of Pernambuco. It is popularly known as the Venice of Brazil and is the 5th largest Metropolitan area in Brazil. The Metropolitan Region of Recife is the major industrial zone of Pernambuco and, with over 52,500 business enterprises, is the most important commercial center of the North/Northeastern region of Brazil.

As per the 2007 IBJE statistics, the GDP of Recife was estimated to be approx. R$20.7 billion (Brazilian Reals). Of this, manufacturing represented 17.4% and the commerce and service sector represented around 82.53%.  Also, the per capita income of the city was around R$13,510, which is the highest among the Northeastern capitals of Brazil.

It is one of Brazil’s major business centers and boasts of one International Airport and two International ports. To the immediate south of Recife is the region’s major industrial area, wherein prominent industries including automotive electronics, chocolate manufacturing, brewing and canning, tube manufacturing and textiles are based.

Recife’s Good Transport Network:

Recife has a well-developed transport network with thoughtfully designed roadways and railways. The Guararapes International Airport, also called the Gilberto Freyre International Airport, connects the region to different nations. This airport has the longest runway (3,305 meters) in the entire Northeast region.

Once completed, Recife Metro will be the second largest metro in Brazil, second only to Sao Paulo. The Metro system integrates with numerous bus lines that are connected to the bus/metro integration terminals, including Joana Bezerra and Barro stations. The Recife Metro system measures 39.5 km in length and consists of 28 stations, 11 of which are integrated with buses.

The well-developed highway roads connect Recife to other major Brazilian cities.

Recife’s Information Technology Industry:

Recife has a well-developed IT industry. The city has a whole area dedicated to IT-related activities. This area, called “Porto Digital,” accommodates over 90 companies and more than 3,000 high tech jobs. Established in July 2000, Porto Digital has attracted many investments, generating approx. R$10 billion (Brazilian Reals) per year. It exports technology to countries such as Japan and China. Software manufacturing is its major activity. The Porto Digital cluster includes small and medium companies and also Multinational Companies (MNCs) such as Samsung, Motorola, Sun Microsystems and Del. Microsoft and IBM have their regional headquarters based in Recife. Prominent developments in this local cluster include solutions in outsourcing, information security, biometry, mobility/Wi-Fi, IT infrastructure, games and distance education and also web-based solutions.

Why Invest in Recife?

The majority of the vacation properties in Spain, France and the Mediterranean region have reached their market peak. A decent place can now cost over 200,000 pounds. Even most other cities in Brazil are inundated with tourists and investors and so, have high prices. On the other hand, the prices in Recife are much less. In Recife, you can now purchase a decent apartment in a high rise at just around £40,000. Real Estate prices are increasing manifold by around 10-15% (in pounds) per year. Today, Recife has almost the same profit potentials that Spain had 10 years ago.