Brazil is a ‘priority for future growth’
The world’s biggest drug manufacturer has identified Brazil as a priority for future growth, it has been reported.
GlaxoSmithKline has announced it is to create a new region to cover the BRIC countries (Brazil, Russia, India and China) after highlighting them as significant growth factors of the future, according to Reuters.
The firm’s new chief executive said in a statement: "They are already contributing close to 25 per cent of today’s market growth and are forecast to grow even faster in the future, around triple the rate of western countries.
"A key element of this new team’s remit will be to proactively seek new business opportunities to expand our global reach and drive sales growth."
People considering buying property in Brazil could be interested to hear that one of the world’s biggest companies is looking for business opportunities in the country as it shows confidence in the nation.
In related news, an Arab bank is also looking for investment opportunities in Brazil, ANBA reported last month.
Makaseb wants to invest in the building sector where it plans to establish a partnership with a construction company from the Emirates.
For more information on Brazil property investment and to find out about uv10’s latest projects, contact uv10 on 0845 643 1036 or email info@uv10.com or visit our website: http://www.uv10.com
