Natal Brazil Will Host Annual Real Estate Event
Friday 27th of November 2009
The dates for the leading annual real estate and tourism investment event for Brazil have been set. Nordeste Invest 2010 will take place from the 10th to 12th of May, in the city of Natal, capital of Rio Grande do Norte. A three-day B2B event will unite the most important names in the real estate and tourism sectors in Brazil and the world. In its fifth edition, hotel chains, investment funds, developers, and companies in the Brazilian and international field will be present with the purpose of forming partnerships and negotiating business in Brazil.
Nordeste Invest host city, Natal, is a preferred destination of both Brazilians and foreigners and is recognized as a popular destination for second homes. Natal will also be one of the host cities for the 2014 World Cup, and expects to attract 600,000 tourists to visit Brazil during this sporting event.
To prepare for the 2014 World Cup and the Olympic Games in Rio, Brazil is entering an era of infrastructure frenzy. ADIT will have an important role in helping deliver these projects, since they are meant to introduce foreign investors to the opportunities available in Brazil.
For Felipe Cavalcante, president of ADIT, “the Brazilian economy clearly shows that Brazil is a country with great potential. The economic and political stability and the fact that Brazil came out of the crisis before the majority of first world countries demonstrates that our country is ready to welcome foreign investments. Brazil’s middle class is another attractive factor for investors, since they also want to benefit from Brazil’s domestic market. The Investment Grade Rating (investment index) that Brazil received from three agencies, such as Fitch Ratings, Standard & Poor’s and Moody’s, which analyze and classify the level of risk, are also taken into account when speaking about foreign investments for Brazil”.
Sílvio Bezerra, vice-president of ADIT for Rio Grande do Norte said: “Now Natal has a 130,000 housing shortage. In order to attract foreign investments to Rio Grande do Norte, the government is investing R$ 1 billion to improve infrastructure (roads, hotels, public transportation) and also to build the largest airport in Latin America, which will accommodate a total of 40 million passengers when it enters operation. These improvements will have a significant impact on the city of Natal. And what’s more, the Minha Casa Minha Vida (“My House My Life”) program gave way to a larger influx to the real estate market while promising affordable housing for low income families who have no access to credit. The government wants to build more than a million houses in 18 months in order to offer tax breaks and stimulate demand”.
In 2009, Nordeste Invest took place in Maceio (Alagoas) and counted on the presence of 1,320 participants, 105 international investors from 12 countries such as United States, Spain, Argentina and Singapore; 24 foreign journalists and an anticipated sum of R$ 437 million in prospective business discussed during 339 meetings held at the Business Round. The first edition of Nordeste Invest was held in March, 2006. The event continues to be a valuable platform for investors and media alike to learn more about business opportunities in Brazil.
Source Tideway communications on 020 8878 0787