Porto Velho is the capital of Rondonia in Brazil. It is a center for trade, communications, transport, financial services, property investments, and the service and production industries. It has efficient highway network with an international Airport that connects it to other cities in Brazil. Porto Velho is a bubbling location for investments. The mining industry is an important sector of its economy. The availability of an abundant source of minerals has particularly been the driving force behind the mining investments. It leads world over in the trade of the mineral Cassiterite. A steady and ready availability of human labor and expertise makes investments in this sector worth while. The export of Tin, a crucial component in manufacturing, form this city has attracted investors in droves.
The booming economy has been glossed by exports from this city that make it an ideal location for export investors. The government’s privatization of the Porto Velho port marked a crucial step towards realizing utmost service delivery. Investments that have been made into the city include a Canadian investor building a mall. Cassie de Depot et Placement du Quebec is an example of an investor attracted by the Porto Velho economy. Other foreign investments have been forthcoming from American investors. The advantage of investments in Brazil, Porto Velho is its relatively young economy that has been fully explored. Lots of opportunities abound for which an investment can be made in this economy.
Porto Velho has construction investments going on as well. The construction of hydroelectric power plants in the Madeira River is expected to meet the electricity demands of its growing economy. With investments such as malls and other service industry developments, there is bound to be pressure on the infrastructure and other services that this small economy has to offer. Infrastructural development is however seriously needed to ameliorate this challenge.
As an emerging city, Porto Velho has great economic potential. The construction of two hydroelectric power plants on the Madeira is a multi-billion project that has seen the city’s population double. Most people have moved in search of jobs and other opportunities as this city experiences sustained growth. As a result of these construction investments and the migrating people, the real estate market has experienced a robust boom. High rise buildings, residential areas, malls and infrastructure are being developed rapidly. The Porto Velho economy, even though emerging, is very promising with its vast investments opportunities.
11 May 2010