Portugal attracts 248 FDI projects in 2022

 In Foreign Direct Investment, Investment, News

Portugal attracted 248 Foreign Direct Investment projects last year placing it in six position of the country’s in Europe that attracted the most projects.

Germany was the country that made the most FDI in Portugal with 36 projects. Overall, Portugal attracted 24% more project last year than it did in 2021 with Software and Information Technology and services, marketing and sales companies making up the bulk according to the EY Attractiveness Survey published on Tuesday.
Germany, France and the United States represented 39.4% of all projects. In the latest EY report, Portugal climbed up to sixth position in the Euro Zone in terms of attracting FDI with the “third greatest growth in the EU”, an increase of 6.7% in terms of GDP.
“Between 2020 and 2022, Portugal was the 4th European country to attract the greatest number of Software and IT projects.
The country combines several factors of attractiveness for sectors driven by innovation, and today has seven unicorns, more than Italy, Spain and Greece put together”, says Miguel Farinha, Strategy and Transaction Leader of EY Portugal.
Portugal has blazed a trail in attracting innovative companies and has got other EU countries with low FDI projects in Portugal to take notice by increasing their FDI. The Netherlands had four protects in Portugal in 2021 and increased them to 14 in 2022 while Denmark had two projects and has increased that to eight projects in Portugal.