Porto leads the Financial Times' European Cities of the Future ranking

With an upward trajectory in recent years, 2023 enshrines Porto's strategy of promoting foreign direct investment with the Financial Times placing it at the top of the European Cities and Regions of the Future. An announcement of the recognition of fDi Intelligence was made on Thursday, during the event “When the change becomes the future”, which brought together, in the Reservatório da Pasteleira, political and private decision makers of the city's business ecosystem.

The work that has been developed by InvestPorto, the municipal division specialized in attracting and facilitating direct investment projects, born of “a political vision that has investment as a cornerstone of the development strategy for the city”.

In 2022 alone, the Municipality was able to attract around 435 million euros in direct investment to the city, more than double the previous year, boosting 1,380 direct jobs. But the councillor also recalls the impact that attracting companies has on the rehabilitation of the city and on “increasing its visibility and international competitiveness”.

In the Financial Times ranking, Porto leads in the “FDI strategy – Large cities” category, ahead of cities such as Birmingham or Manchester (England), Glasgow (Scotland), Antwerp (Belgium), Katowice (Poland), Izmir or Adana (Turkey), Gothenburg (Sweden) and Bilbao (Spain).

The investment promotion strategies of 90 cities and regions were compared, considering criteria such as the profile and number of foreign investments attracted in the last 12 months, the fastest growing sectors of activity and the results of local policies on talent attraction, energy resilience and sustainability.

Read the full news here: Invest Porto www.porto.pt