Four Portuguese companies sign agreements with Saudi Arabia
Four Portuguese companies, including a Porto-based AI firm and an aesthetic clinic, have signed agreements to expand their operations into Riyadh, Saudi Arabia.

Latest news and stories about economic activity in work in Porto, Portugal for expats and residents.
Four Portuguese companies, including a Porto-based AI firm and an aesthetic clinic, have signed agreements to expand their operations into Riyadh, Saudi Arabia.

Galp's Innovation District project at the former Matosinhos refinery site is projected to generate 100,000 jobs and contribute two billion euros annually to the Portuguese economy over three decades.

Portugal faces widespread disruption following a second general strike in eight months, highlighting deep-seated tensions between the government and unions over proposed labor reforms and the lack of constructive dialogue.

Portugal is set to launch a new Economic and Business District, a strategic urban development project aimed at stimulating the commercial property market and fostering long-term job creation.

The office market in Porto is experiencing high demand, with one-third of the 98,600 square metres currently under construction already reserved.

The AICEP Forum 2026 focuses on enhancing Portugal's international trade and investment promotion strategies.

From Matosinhos to São Paulo, the Business Connection initiative is gaining international scale. Created by E-goi, the event returned to Brazil, gathering 64 professionals from over 30 companies to discuss business relationships and the challenges transforming e-commerce. Held at NB Steak in São Paulo, the event focused on fostering closer connections between decision-makers and partners, covering topics such as AI, automation, and data-driven personalisation. The edition featured collaboration from companies including Agência Almah, Nuvemshop Next, Eitri, and TPL Logística, reinforcing E-goi's commitment to understanding local market needs while expanding its global footprint.

The company DareData is establishing a new base in Porto to boost its growth across the Portuguese and Spanish markets.

The French group Artelia, which employs over 11,000 people, came to Portugal this summer to make acquisitions. The multinational consulting, engineering, and project management firm has acquired 100% of the civil engineering company Sopsec, based in Vila Nova de Gaia, and will share leadership with the co-founders during the transition phase.

António Fonseca, president of the Porto Historic District Bar Association.

The textile industry trade fair is scheduled to take place at the Exponor exhibition centre in Matosinhos in May 2027.

Gonçalo Fleming has collaborated with Morais Leitão since 2006, becoming a partner in 2018. He is part of the commercial and M&A team and is responsible for managing the Porto office. According to the lawyer, the Northern region, and in particular the Porto Metropolitan Area, is experiencing one of the most dynamic moments in its recent history, establishing itself as...

Rduz, a company from Vila do Conde, is owned by the Benta family. Carlos Benta is the general manager. Pure Planet intends to acquire the entire share capital.
A footwear factory in Vila Nova de Gaia has closed permanently after receiving public funding through Portugal’s Recovery and Resilience Plan (PRR), leaving dozens of workers uncertain whether they will The post Gaia shoe factory closes after receiving PRR funding, workers unpaid appeared first on Portugal Resident.

Founded by Airton dos Santos Pedro and Gabriel Marques dos Santos during the Covid-19 pandemic, vendinGO has acquired the Madil factory, located in Santo Tirso, which specializes in the production of paper cups covering the most common formats in the vending sector. The acquisition of this industrial unit, which has the capacity to produce 720 cups...

The management of the Pontual footwear factory in Vila Nova de Gaia has confirmed the permanent closure of the industrial unit, noting that the insolvency filing was submitted this Tuesday. The payment of July salaries and holiday allowances to the workers of the Pontual footwear factory in Gaia will depend on the insolvency administrator, it was stated.


Event announcement for the Business Connect Portugal-France meeting scheduled for October 1, 2026.

In a scenario of labour shortages, aspects such as air conditioning, salaries above the minimum wage, and international certifications make the difference in small factories in Paços de Ferreira.

Goods exports from the North recorded a year-on-year increase of 2.6% in the first quarter of 2026.

Gonçalo Fleming has been collaborating with Morais Leitão since 2006, becoming a partner in 2018. He is part of the commercial and M&A team and is responsible for managing the Porto office. According to the lawyer, the Northern region, and in particular the Porto Metropolitan Area, is experiencing one of the most dynamic moments in its recent history, establishing itself as...

A Saudi Arabian company has set up operations in Vila Nova de Gaia with the aim of investing in the Portuguese market.

Ancor, which claims the status of the largest Portuguese stationery manufacturer, has bought the historic brand Ambar, a dozen years after it was saved from bankruptcy by a pair of entrepreneurs from Barcelos linked to the textile sector. The concentration operation, which consists of the acquisition of the entire share capital by...

More than 3,000 professionals gathered on Tuesday and Wednesday for the fifth edition of the National Insurance Forum (FNS). Various players in the insurance sector met at the Alfândega do Porto for two days of idea exchange and networking. In total, industry professionals attended 12 conferences and 17...

The 5th edition of the National Insurance Forum (FNS) arrives at the Porto Customs building tomorrow, running from July 7th to 8th. There is good news for APROSE members: they can participate without paying a registration fee, under the protocol established between the association and ECOseguros. APROSE members already...

A major Swedish company in the compressed air sector has increased its presence in Portugal by purchasing a business based in Valongo.

Galp‘s proposed Innovation District on the site of its former Matosinhos oil refinery could generate more than 100,000 jobs and contribute around €65 billion to Portugal’s economy over the next The post Galp project could create 100,000 jobs in Matosinhos appeared first on Portugal Resident.

The country is expected to maintain its appeal for remote workers and digital nomads.
Economist Nouriel Roubini states that Portugal remains an attractive destination for digital nomads.
