Rio state Investment Opportunities
In the world of business, window of opportunity is used to define the best moment to go ahead a Project that was still stopped. In the last years, the state of Rio has been giving another sense to that expression. Around there, the opportunity is everywhere, and became synonymous of roads, ports, industries, transportation, energy and urban improvement.
The biggest volume of business, either public or private, happens in the Oil and Gas sector, at the North region of the state. There, the companies intend to invest 83 billion R$. Only Petrobras alone is responsible for investments that reach R$ 77 billion for the period of 2010-2012. The Oil-Chemical Complex of Rio(Comperj), that is being built in Itaboraí, represents an investment of more that R$ 14 billion until 2012. The enterprise that is going to start working in 2014, will benefit the economy of 23 cities, generating 200 thousand jobs. Also steel companies are being established in the north of the state.
In logistics, the estimatives are of R$ 11,8 billion being applied in important equipment like, the Superport of Açu, being built by the EBX Group in Sao Joao da Barra, north of the state. The port has the capacity to operate with bing boats and will allow for exporting the production from the Central-West, Southeast and Southern regions of Brazil. EBX is also building the Superport of the southeast in Itaguai, south of Rio city.
In the transformation industry, Michelin has decided to invest R$ 650 milion in its 5th plant in Rio. It forecasts that the works will start in December 2012 in Itatiaia. In Tres Rios, Nestle is planning to build a plant in a total of R$ 300 million in investments. Rio will also host the first plant of bikes and motorcycles of Kasinski in Brazil and it’s planned for the south area of Rio state.
Adapted from the O Globo newspaper:
What does that mean for property investors.
All these small towns are very good investment opportunities as of today. Rio city with it’s capital and tourism status is already a very expensive place for investing, while towns like Itaborai, just north of Rio didn’t even have a hotel to host the workers of the Comperj complex. The Town Hall had to invite a hotelier to start a hotel for those people. Tres Rio is this small town in the mountainous area of Rio, and is still very cheap and plentiful. The north of the state, is probably by now seeing some speculation from property owners looking to profit from recent investor, but is still a green area for investing in houses and appartments for rent, or old properties for remodeling and rent as a commercial spaces. These cities will surely see growth in the near future.