References

Sadia is one of the world’s leading producers of chilled and frozen foods. Established in Brazil in 194...
Cyrela Brazil Realty is the largest residential real estate developer in Brazil. Considered one of the m...
Today, Banco do Brasil is the largest financial institution in the Country with 24.4 million clients and ...
CPFL Energia is a holding company in Brazilian electricity sector, operating through its subsidiaries in ...
Copersucar S.A. is the largest Brazilian sugar, ethanol and bioenergy company and a significant player in...

Why to invest in Amazonas state of Brazil

Amazonas is located in the northwestern corner of Brazil and has a mixed race population of about 3,351,000 residents, as per a 2007 population report by the IBGE.  Its population growth is pegged at 3.3% and the state’s urbanization at 2006 stood at 77.6%. Manaus, its capital city, has a developed industrial park with very good investments policies and a 1.6% share of the Brazilian economy. In an attempt to stimulate development and progress in the state, the government created a tax free zone called Zona Franca de Manaus in which products from this region are exempt from several taxes including import and industrial taxes.

 

 As a result, lots of investors set up base in the region for instance; every major electronics appliance producer has a factory in the region. The industrial sector is by far the largest with a GDP of 69.9% followed by the service sector at 26.5%, about 3.6% of its GDP as at 2004. On the average, about 400 companies are based in the region. Exports from the Amazonas include mobile telephony at about 48.7%, other electronics at 19.5% and motorcycles at 7.7%.

 

Over the last decades, the federal government has made various investments and given lots of tax incentives that have turned the region into a major industrial center with big names in the mobile telephony setting up base in the region. Key places in the telecommunications industry include Nokia, Sagem, Gradiente and BenQ – Siemens that have mobile phone manufacturing plants in the Manaus city.  Global electronics manufacturers such as Sony and LG and the plastic lens manufacture, Essilor have set up manufacturing plants in the region.

 

The Amazonas state government plans to re-launch a 1.3 billion real (US$733 million) tender to build a monorail in Manaus on May 28, 2010. The 20km monorail will incorporate the existing terminals in the eastern and downtown districts and transport about 200,000 passengers daily. The project is part of a 2 billion real multimodal transport network which includes a bus rapid transit (BRT) system too and will end in 2013, just in time for the FIFA confederations cup. The state’s economy relies on extraction too with a thriving mining and fishing industries. Breitner Energetica SA, an independent power producer in Manaus has launched an ambitious project to replace its two power plants running on heavy fuel-oil with cleaner-burning gas engines supplied by GE Energy in a deal. Breitner will install 46 of GE’s low emission Jenbacher generator sets.