AICEP contracted €44 million in new investments in the pharmaceutical and automotive sectors
Since the beginning of the year, AICEP (Agency for Investment and Foreign Trade of Portugal) signed four investment contracts totaling 44 million euros, associated with incentives for Research & Technological Development (R&DT), as announced this Monday, in a statement by AICEP.
The contracts in question were signed with three companies in the automotive and pharmaceutical sectors: Bosch Car Multimedia (two contracts), Huf Portuguesa and Bial. In the first company the contract is worth almost 26 million euros, for the second around 11 million and in the last almost 7 million.
It is planned to create 626 jobs (128 at Bial and the rest at Bosch), the majority of which are highly qualified, and the maintenance of more than 4000 jobs, across the three companies.
Total incentives granted to companies amount to around 20 million euros, including 17.6 million euros in R&DT incentives and almost 2.5 million euros in tax incentives.
The president of AICEP, Filipe Santos Costa, states that the agency “is working to attract new intensive industrial investments in research and technological development for the entire country” and that these investments “appreciate the qualifications and salaries of Portuguese people†.
In addition to these incentives, AICEP also manages other support systems for industrial and productive investment, with emphasis on its own Contractual Investment Regime (RCI), which it relaunched for “Productive Innovation or of Acceleration of Strategic Investments†, currently with
a global allocation of 1,750 million euros, the note reads.
