Brazil ‘attractive to foreign investors’
Brazil is increasingly attracting the attention of foreign investors, leading to it to become one of the world’s main expansion hubs, it has been claimed.
According to Brazzil Magazine, people are drawn to the South American nation due to the size of its market, its solid economic indicators and growth in its foreign trade.
Some £17 million was invested in the nation by people from other countries last year, reported the news provider, noting that the Brazilian Society of Transnational Corporations and Economic Globalization believes this level can be bettered in 2007.
"The growth of Brazilian foreign trade and the modern Brazilian industry are the sauces that have been bringing water to the mouths of foreign investors," the publication commented.
This economic growth could be good news for anybody thinking about investing in property in Brazil.
In related news, Steel giant ArcelorMittal recently acquired a 70 per cent stake in Brazilian processor and distributor Manchester Tubos e Perfilados.
