Greater Porto attracts foreign investment in Cannes at MIPIM
Attracting foreign investment to the region was the goal of Greater Porto's presence at MIPIM 2024. Greater Porto, an entity interconnecting Matosinhos, Porto, and Gaia, participated in MIPIM 2024, the world's leading real estate market event, held in Cannes from March 12th to 15th.
21 Mar 2024
The Greater Porto's participation at MIPIM 2024 is a key component of its strategy to draw foreign investment to a region already recognized as a center of economic vitality and opportunity, with untapped potential.
As part of this strategy, the return to MIPIM aimed to strengthen the positive impact, estimated at approximately 100 million euros, generated by the presence in MIPIM in 2022. The three municipalities comprising the Greater Porto were joined by companies operating in the real estate sector.
Participants were introduced to some of the most emblematic real estate projects in the region. For Ricardo Valente, Porto's Councilor for Economy, Employment, and Entrepreneurship, "MIPIM showcases a territory with the ability to consistently be on a global stage for attracting investment."
MIPIM welcomed delegates from approximately 90 countries, comprising 22,500 representatives and over 6,500 investors. This significantly enhanced Porto's visibility as a potential international investment destination.
Although the full impact of this important international event's presence will only be known in the medium term, Porto's recognition as a city of the future was evident in the awarding of the "Large European Cities" prize during MIPIM by the Financial Times' fDi Intelligence magazine. In this year's edition, the city secured 3rd place, maintaining its position on the podium of this ranking that distinguishes Porto's solid economic development strategy in attracting foreign direct investment.
