British interest in Portugal as an investment destination remains steadfast despite the current challenging times, it emerged this week. In recent years Portugal has become even more attractive to investors thanks to the country’s ties to other Portuguese-speaking nations with fast-growing economies, such as Brazil and Angola.
The UK has also consistently been among the top-five investors in Portugal over the past six years, with an accumulated gross investment of over €32 billion.
The latest available data from the Bank of Portugal for the first ten months of 2012 shows a gross value of €5.3 billion.
“Portugal definitely remains an attractive investment destination for British companies. Portugal alone is the 12th biggest market in the EU for the UK, representing €3 billion in bilateral trade every year, and we work to further develop the deep relationship between the two countries”, said British Ambassador Jill Gallard in comments to The Portugal News earlier this week.
Figures show that there are presently more than 400 British companies which have invested directly, with a presence in Portugal.
Read more: Portugal still appeals - The Portugal News
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