Investment to the tune of over US$17 billion is on the cards plus major job creation at Ceará green hydrogen hub over the next few years. At least 5,000 jobs will be created including hundreds for highly qualified professionals.
The Ceará economy has posted excellent results for GDP growth so far this year, ahead of the rate for Brazil. The figures, together with large-scale investment from foreign companies, mean that there’s widespread optimism in the state.
Two Australian companies are to invest over US$10 billion in Ceará in green hydrogen, ammonia production and wind energy. The investment will firmly place Ceará on the renewables energy map as well as create quality employment in the state.
Ceará is to install a green hydrogen hub at Pecem Port as yet another contribution from the state to a carbon neutral footprint. The project that already has the backing of the state government, will attract considerable investment and job talent to the area.
Recent FDI and a surge in IPOs have brought the economy in Ceará to the forefront in Northeast Brazil. The number of foreign investors has more than doubled since 2010 and Ceará companies account for more than half those from Northeast Brazil on the stock exchange.
Yet to fully emerge from lockdown, industrial production in Ceará is showing an impressive recovery. The increase in July was the highest in the country and almost twice the average for the Northeast region. State authorities believe the figures augur well for the rest of the year as the Ceará economy gets back on track.
Another IT company is investing in a new data centre in Ceará. The latest arrival brings the total in the state to three as technology takes advantage of Ceará's excellent location and infrastructure. The state is South America's closest point to Europe and Africa and already has a vast network of submarine cables installed.
On the coast, the average hotel occupancy is 91.4%. The carnival holiday is expected to generate an income of around R $ 480 million in the State of Ceará. The Coral Resort is located in Ceará where we offer different investment opportunities.
Ceará carries on improving every aspect. Latest figures from the quarterly report of the General Coordination of Labor Immigration (CGIL), show an increase of foreigners that invest in the state.
The economy of Ceará grew at twice the national rate in the second quarter of 2019. The gross domestic product (GDP) of Ceará, between April and June this year, closed at 2.08%. Which shows an increase compared to the same period last year.
There is more good news for Ceará. Not only aspects such as tourism or economy are improving. Unemployment in Ceará has decreased drastically over the last years.
Ceará’s economy carries on growing in 2019. Here is an overview of what and why economy improves in Ceará surpassing the national average.
According to the Brazilian Institute of Research Services Monthly Geography and Statistics (IBGE), the State was the fastest growing in the whole country in volume of tourist activities. Figures show an increase of 9.9%, a rate almost three times higher than the average of Brazil in the first half.
Fortaleza will receive about R $ 1.5 billion in public investment. The main areas that the government aims to cover are Health, Education, Social Protection, Culture, Sport, Urbanization, Environment, Infrastructure, Transport and Mobility.
The Ceará economy stands out this year in Northeast Brazil in key sectors including business and tourism. Find out why 2018 has been so good for the state.
The Port of Rotterdam has invested in Pecem Port. Find out how this expansion will ensure Ceará port becomes the future logistics hub for Northeast Brazil.
