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 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.
TAP is investing €20 million to build a new aircraft maintenance hub and hangar in Porto, a project due to take two years and expected to create about 200 jobs. The move is intended to increase the carrier’s maintenance self-sufficiency, reduce outsourcing and boost operational autonomy as the airline undergoes privatisation, while Porto’s network will be strengthened with services to Terceira, Praia, Tel Aviv and an enhanced link to Boston.
The Social Employment Market actions, supported by the European Social Fund Plus, finance projects that promote the inclusion of people at risk of social exclusion.
The Social Employment Market actions, supported by the European Social Fund Plus, finance projects that promote the inclusion of people at risk of social exclusion.
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 Prime Minister says there is legislation so meticulous that it only gets in the way. Luís Montenegro was present this Tuesday at the laying of the foundation stone for a train factory that will be built in Matosinhos.
Following a process hindered by overly meticulous transparency guarantees, the foundation stone for the Alstom factory has been laid. The facility is expected to build three trains per month in Matosinhos.
Construction has begun on the Alstom train factory in Guifões, Matosinhos, in partnership with the company DST. The first train is set to leave the facility in 2029. The factory is expected to be completed by 2028, covering an area of 20,000 square metres. It is estimated that 300 direct jobs will be created through the hiring of qualified technicians, along with 1,000 indirect jobs. In a statement, the Ministry of Infrastructure and Housing announced that 81 trains will be produced for national suburban lines, each with three carriages and a capacity for 450 passengers. The establishment of the factory in Portugal is part of a contract for the acquisition of 153 trains by CP from Alstom. The associated investment amounts to 1.064 billion euros, a record figure for rolling stock, highlighted the ministry led by Miguel Pinto Luz. Prime Minister Montenegro noted delays and price increases, recalling legal issues that stalled the process since the 2021 public tender, when António Costa was Prime Minister and Pedro Nuno Santos was Minister of Infrastructure. He emphasised that the delays resulted in higher costs, to the detriment of Portuguese citizens.
LTPlabs, a Portuguese company specialising in Artificial Intelligence (AI) and data analytics, is looking to hire 20 professionals with technical qualifications. According to Inês Vasconcelos, HR Director at LTPlabs, the consultancy is seeking talent with technical skills, team spirit, and a strong work ethic to drive business growth. In this second edition of the 'Shapers' recruitment programme, the company, based in Senhora da Hora, Matosinhos, aims to attract tech profiles in areas such as Frontend Development, UX/UI design, DevOps, SysAdmin, Data Science, Data Engineering, ML Engineering, and Software Engineering. Applications are open until 31 July, with the selection process taking place over the summer. The Shapers programme, which has already required an investment of half a million euros, aims to increase the capacity for implementing and developing AI solutions. LTPlabs currently employs 140 people and aims to reach 200 by the end of the year. Founded in 2015, the AI (Analytical and Generative) and Advanced Analytics specialist has over 70 clients, including Worten, Sonae MC, Galp, BPI, and Unilever. LTPlabs also has projects and clients in Europe, the Middle East, and the Americas, with offices in the UK and Brazil. In 2025, LTPlabs recorded a turnover of 12 million euros and was certified as a Great Place to Work. Additionally, Bynd has a 30-million-euro fund to invest in tech startups.
Revolut announced this Friday its move to a new space in Matosinhos, which will host one of its sales hubs in the Iberian Peninsula. The new office was designed to accommodate the rapid growth of teams and operations, with the company planning to invest at least 30 million euros in Portugal by 2028.
The Mayor of Porto, Pedro Duarte, argued this Thursday that the city is consolidating itself as an “increasingly relevant European hub” in the areas of technology and innovation, highlighting the growth of the startup ecosystem and the city's growing international recognition among investors and entrepreneurs. During the session...
Primark will invest 45 million euros and create 300 jobs by the summer of 2027 across four new stores in Castelo Branco, Porto, Setúbal, and Vila Nova de Gaia, as well as the expansion of its existing store at Fórum Coimbra. In an interview with the Lusa agency, the sales director for Primark in Portugal and Spain...
The first centre in the country for the Open Office brand, part of the International Workplace Group (IWG) dedicated to hybrid work solutions, has opened in the city of Amarante, replacing the former I-Side coworking space. With a capacity for 89 workstations, this centre, which also includes private offices and creative areas, is presented as...