Inflow reflects recovery of Latin America’s largest economy, whose economic growth is estimated at 2.67 per cent in 2022.
Lusofonia
Companies from Africa, Europe and Asia train their sights on massive project, which should provide enormous economic benefits when it opens in 2030.
African republic has plentiful water but until recently lacked infrastructure, hampering industrial development and depriving residents of drinking water.
Macao gaming magnate reportedly facing financial stress, with Cabo Verde casino complex only partially built.
US, France and Italy supply most foreign direct investment to oil sector; South Africa, Belarus, Portugal and China main contenders for investment in other areas.
Agreement marks significant boost for industry, which already exports US$330.5 million of peanuts annually.
Internationally renowned consulting firm predicts slowdown following this year’s encouraging 3.5% growth due to breakdown in oil production.
Wang Yi and João Gomes Cravinho declare satisfaction at mutually beneficial relationship, express hope that Macao will continue to facilitate Portugal-China cooperation.
Highly lucrative project temporarily abandoned after Islamic State-linked violence left thousands dead; France’s TotalEnergies may return now situation has stabilised.