AICEP closes €3Bn in contracts providing 2,336 jobs

Portugal’s overseas investment bureau AICEP has signed investment contracts totaling €3Bn which should create 2,336 new jobs of which 643 are highly qualified according to the Ministry of Economy and Territorial Cohesion.

The signing ceremony involved the Prime Minister, Luís Montenegro and the Minister of the Economy and Territorial Cohesion, Manuel Castro Almeida, and involved representatives of six companies – CALB, Everbo, Lift One, Savannah Lithium, Topsoe Battery Materials and United PetFood – with projects spread around the electrical mobility, health, chemicals and petrochemicals, agricultural foodstuffs and mining industries.

The group of contracts includes a €699 million incentive contract on the back of different instruments of an incentives system. Four of the six projects are a result of candidacies for the System of Incentives to Investment in Strategic Sectors, representing 2,132 new jobs, 608 of which are highly qualified.

Two of these projects – CALB and Topsoe Battery Materials – will be implemented in Sines, strengthening the positioning the port and the industrial zone as an intensive industrial investment attraction hub, attracting both capital and technology.

The other contracts arise from candidacies for the System of Incentives for Productive Innovation, foreseeing the creation of 204 jobs of which 35 are highly qualified, in various regions of the country.

Overall, It was a year in which investments contracted by Portugal’s overseas trade investment agency AICEP hit €3.5Bn – eight times more than the close to €420 million signed in 2024.

Investment projects negotiated by AICEP, which counted on a €803 million incentive, will not only boost Portugal’s jobs market by 6,600, 20% of which are for high-qualified workers and foresee an annual business turnover of €3Bn, the equivalent of around 1% of GDP.

SOURCE: AICEP