The Port of Rotterdam Authority has signed an agreement to invest over USD $85 million in the Port of Pecém, which is aiming to become Northeast Brazil’s foremost logistics and industrial hub.
With a 30% share in the enterprise, Rotterdam will gain a joint say in strategic and investment decisions, as well as being able to nominate representatives for the Brazilian port’s Executive Board, Supervisory Board and management.
Pecém’s port-industrial complex is home to numerous logistics and industrial facilities, including a container terminal, power plants, a steel mill and wind turbine manufacturers.
In addition to this, a large share of the required infrastructure for the port-industrial complex, such as breakwaters and berths, has already been developed.
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The state of Ceará has recently invested in a variety of international partnerships aimed at further developing the region as a hub of international connections for Northeast Brazil.
Camilo Santana, Governor of the Brazilian state of Ceará, said: “We are celebrating the partnership between the Government of Ceará and the Port of Rotterdam, the largest port in Europe and one of the largest ports in the world.
“I am absolutely convinced that the people of Ceará will benefit the most from this partnership, with more employment opportunities and income”
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Allard Castelein, Port of Rotterdam Authority CEO, also commented: “Our participation in the port of Pecém is a great opportunity. This port has clear growth potential and its strategic situation gives it a strong position for developing into Northeast Brazil’s foremost logistics and industrial hub.
“This in turn will create new opportunities for international trade flows and investments from Europe.”
The partners expect to conclude the definite participation agreement before the end of 2018.
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