The Porto Leading Investors program, promoted by the Municipality led by Rui Moreira, generated an impact of 2,073 million euros on national production and 1,166 million euros on Gross Value Added (GVA) in 2022. They provide more than 25,000 jobs, of which 11,000 are direct jobs. On average, all these companies expect to grow by 14% a year until 2026.
The calculations are the result of the Economic, Social and Environmental Impact Study of Porto Leading Investors, commissioned by the municipality of Porto from EY Parthenon, presented this Thursday at the Soares dos Reis Museum and relating to 2022, considering the operational and investment activity of these companies in the city. Created by InvestPorto, this is an investment project management program aimed at investors and companies with a high strategic interest and economic impact in the city.
All being said, between 2019 and 2022 these companies invested 222 million euros in Porto and generated 2,301 million euros in production in the city. They also generated 715 million euros in household income (54% direct) and 209 million euros in tax revenue.
Among the 43 companies in this program, 65% of which are national and the rest from 12 countries, are Blip, Critical Software, Five9, Natixis, Euronext, Farfetch, Maersk and Critical Techworks. During this period, they have all given "decisive" proof of their economic, social and environmental impact on the city's economy. Whether through competitiveness or dynamic innovation, "they have contributed to the consolidation of Porto as an international technological hub”, can be read in the study. This is because, according to the same document, "Porto Leading Investors stimulate competitiveness, attract and train qualified talent in Porto, helping to strengthen the business fabric of the region and the country". Porto today represents an important hub for talent, innovation and technology, with potential for growth.
Of these 43 companies, 88% carry out innovation activities and 44% offer products or services with a direct positive environmental impact. Information and communication technologies (ICT) and shared services dominate, accounting for almost three out of every company in the Porto Leading Investors group. To attract investment, retain and expand investor activity, offer a service of excellence and anticipate risk.
In 2022, 87% of Porto Leading Investors' turnover came from the international market, and these companies contributed 484 million euros to the national trade balance. It is, however, "the impacts induced by the income made possible through workers' salaries that generate the greatest multiplier effect in the Portuguese economy", the study reads.
The weight of the value generated by Porto Leading Investors in the Porto Metropolitan Area (AMP), in the sectors in which they operate, is around 15%. This group of companies also has a direct impact on employment in Porto of around 7%, according to the same study.
