"We effectively need more capacity, more business capacity, more workforce capacity. The investment is so big that, I don't mind confessing here, we are having difficulty, with our capacity in the construction industry, in being able to access and meet so many requests," said the Prime Minister.
In this speech, Luís Montenegro considered that Portugal's economic results are only possible thanks to the "effort of many foreigners, led by Brazilians" - who represent more than half of the country's immigrants - "working in Portugal, and also a lot of Brazilian business investment".
"But we should not look at this in a contemplative way. I think this is still not enough. I think we can still do much more. I think we still have the capacity to welcome more people, more talent, and, above all, more companies and more investment," he added.
In front of an audience of businesspeople, at the headquarters of the Federation of Industries of the State of São Paulo (FIESP), Luís Montenegro described Portugal as "a country of opportunities", with a government with an "iron will" to invest and which has "one of the largest public investment programs in living memory" underway, with support from European funds from the Recovery and Resilience Plan (RRP).
According to the Prime Minister, this is a change after "a period, in recent years, of suspension of many of the investments that were planned", and "what has not been done until now must be done now".
As examples of ongoing investments, he pointed out: "We are already in the process of building a new Lisbon airport, a crucial infrastructure for the economy, in its most diverse areas of activity. We are also already in the process of building a high-speed rail project for the transport of passengers and goods. We are currently enhancing our ports and, therefore, the entire port ecosystem."
As the vice-president of Brazil, Geraldo Alckmin had done before, Luís Montenegro invited "Brazilian companies to look at this opportunity for investment in infrastructure in Portugal".
At this point, he then highlighted investment in housing: "An investment that has no parallel in the last 50 years of the country's existence, there was only one program that came close. And for which we effectively need more capacity, more business capacity, more workforce capacity."
"We really need more companies, more workforce, and on top of that we have a schedule that we cannot exceed so that in the coming years we can build, in this specific case, just in the perimeter of the State, 59 thousand new homes, in an investment that amounts to more than €4 billion", he reinforced.
Someone ask Luís what the youth unemployment rate is again.
By Q. Ferreira from Lisbon on 22 Feb 2025, 08:14
Portugal needs the current workers to actually do their job in their paid hours, not more workers.
By V from Lisbon on 22 Feb 2025, 11:22
Bring in more Brazilian? You have enough. Problem is, it takes 3 to cover the work of one local. Portugal wants investment? 45% tax rate for the same income considered minimum wage in many other countries. .95% tax rate if you look to sell your Alojamento local property. Montenegro is living in a dream if he thinks anyone wants to invest in a tax pit. No wonder the country is loosing its youth.
By Dave G. from USA on 22 Feb 2025, 14:37
V is absolutely correct (and others who pointed out reality); what Portugal needs as well is a DOGE and make the public workers accountable for their work - with NO lies or corrupt management.
By K from Other on 23 Feb 2025, 14:23
Not more Brazilians. Why not do a drive into eastern countries (Estonia, Lithuania, etc) to attract tradesmen?
By L from Lisbon on 24 Feb 2025, 22:12