Portugal news - Portugal’s trade and investment agency AICEP has attracted industrial investments of 44 million euros for the first six months of 2024.
Through Portugal’s incentives for Technological Research & Development (I&DT), AICEP has managed to attract new intensive industrial investments in research and technological development throughout the country. According to the chairman of AICEP: “Such investments add value and productivity and enhance the qualifications and salaries of the Portuguese.”
The incentives granted to investors in the field of Technological Research & Development amount to 20 million euros and the contracts signed with AICEP provide for the creation of 626 jobs, the majority of which are highly qualified.
The lion share of investments obtained by Portugal in the field of industrial research and technological development went to the automotive industry.
Here are the companies that invested in Technological Research & Development in Portugal in 2024:
1 – Huf Group
Multinational automotive supplier Huf, the leading specialist for secure car access, will create an innovative production center in its Portuguese factory. The investment value is 11,170,300 euros and the new unit will retain 422 employees.
2 - Bosch
Bosch Car Multimedia in partnership with the University of Minho will work on the research and development of new navigation and infotainment systems, as well as electronic production systems, that are classified under the European standards as originating in Portugal. The investment value is 10,620,461.62 euros and the new unit will create 258 jobs and retain 3,571 employees.
Bosch Car Multimedia in partnership with the University of Minho will also work on the research and development of a new generation of automotive sensor systems, through the investigation of new concepts and solutions for the development of superior products in the area of autonomous driving. The investment value is 15,300,022.34 euros and the new unit create 240 jobs and retain 3,571 employees.
3 – Bial
Portuguese pharmaceutical company Bial will work on the research and development of new medicines with intellectual property rights for Parkinson’s disease, that are classified under the European standards as originating in Portugal. The investment value is 6,951,617.34 euros and the new unit will create 128 jobs and retain 374 employees.
Here is the list of Portugal’s main Tax incentives including the Science and Technology regime, as well as the complete list of Portugal’s new incentives for startups.
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