Sao Paulo, the largest city in Brazil, is the 7th largest metropolitan region in the country. The city is named in the honor of Saint Paul. Apart from being the largest city, it is one of the most populated cities in Brazil. In addition to this, it is also the richest city in the country. The city is a great commercial, financial, arts and entertainment influence in the country. Sao Paulo is known for being an Alpha World City.
The city of Sao Paulo houses about 20 million residents. The city accounts for about 22% of the population of Brazil. The city consists of some of the largest industrial complexes in the country, and it also accounts for the highest economic product in all of Brazil. The city is also among the cities that attract the largest number of immigrants. Sao Paulo, being a cosmopolitan city, attracts many foreign investors and thus plays a significant role in contributing towards the overall growth of the country.
Sao Paulo is one of the best cities in Brazil to invest in mainly because of easy availability of some of the best infrastructure, and the city also has an easy supply of laborers that are highly educated and possess great technological skills. Owing to these factors, Sao Paulo is known as the growth locomotive of Brazil.
Great investment opportunity for foreign investors lies in the manufacturing sector of Sao Paulo, especially in the manufacturing of high-tech items. Apart from the manufacturing sector, great investment opportunity lies in agricultural and livestock farming, Information Technology, aerospace and the automotive industry of Sao Paulo. Agro-based business is pretty huge in the city and promises high productivity, and in turn leads to greater returns on investment.
The city of Sao Paulo is known for its significant contribution to the national economy. The city accounts for about 30% of the Brazilian GDP (Gross Domestic Product). The state is the home of the largest industrial park in the country, and the city has a diverse and robust economy.
The industries in Sao Paulo contribute heavily towards the exports of Brazil; it constitutes about $46 billion with the export of agro-based products like sugarcane, sugar beet and sucrose, boneless beef, and airplanes and automobiles being the largest contributors. These factors indicate that there is great investment opportunity for investing in agriculture and agro-based industries.
Foreign investors may also consider investing in the real estate sector of Sao Paulo. Being a commercial hub, the city attracts not only migrants from different cities of Brazil but it also attracts immigrants from different countries as well. Also, due to the government initiatives to promote tourism and attract new people to the county, there is a tremendous need for construction of residential buildings, apartments and villas. Thus, a great investment opportunity exists to invest in the real estate sector of Sao Paulo.
In the near future, the city is well poised to become one of the leading commercial cities of the world. It is all set to become a hub for doing business, and business investors investing the city are sure to gain tremendously.