Novembro 2025
Announcements
Microsoft to invest $10 billion in Portuguese AI data hub
November 2025
During his visit to the Lisbon Web Summit, Brad Smith, Vice-Chair and President of Microsoft, announced a landmark investment to accelerate Portugal’s AI infrastructure: in partnership with Nscale, NVIDIA and Start Campus, Microsoft will deploy 12,600 next-generation NVIDIA GPUs in Sines and invest over $10 billion from early 2026, marking its largest ever project in Portugal and one of the biggest AI compute investments in Europe.
Neverhack opens new office in Portugal
November 2025
The French technology company Neverhack, specialized in Cybersecurity, is now expanding its European footprint with the opening of a new office in Porto.
Upwork choses Portugal for its international expansion
November 2025
California-based unicorn Upwork Inc. announced at the Web Summit that it will open its first international hub in Lisbon. The new office is expected to be fully operational by Q4 2026 and it will play a central role in further advancing Upwork’s AI infrastructure.
Expansions
Kraft Heinz opens a new tomato processing plant in Portugal
September 2025
The Kraft Heinz Company, a leading American multinational food group, has announced the opening of a new processing plant in Portugal to strengthen its European tomato supply chain. Developed in partnership with The Conesa Group, a significant European tomato producer, the $17.6 million plant is located in Évora, and is designed to process up to 4,200 tonnes of tomatoes daily.
October 2025
In Portugal since 2024, Dachser Corporate IT Hub recently inaugurated its new office in the ICON Douro building in Porto — a ~750 m² facility that already houses 67 professionals from eight nationalities. The team is expected to grow to 90 by end-2025 and over 120 by 2026, becoming Dachser’s second-largest digital hub after Kempten, Germany. The Porto team supports software engineering, UI/UX, data analysis, QA, cloud infrastructure and project management.
INDUSTRY HIGHLIGHT
New Portugal Fintech Report 2025 now available
November 2025
Get the latest snapshot of Portugal’s fintech ecosystem. The 2025 Portugal Fintech Report is based on direct input from fintechs operating in Portugal and shows a fast-growing ecosystem with strong momentum in key technology trends.
RECOGNITION
Portugal ranks 6th in the world for English Proficiency
November 2025
According to the English Proficiency Index 2025, Portugal holds its position as the 6th most proficient country globally, among 123 countries and regions, recognising the country’s outstanding performance in the Very High proficiency category.
EVENTS
Web Summit Lisbon 2025: a record year!
November 2025
Each November, Lisbon hosts the Web Summit—one of the world’s largest tech conferences—bringing together major industry players, startups, investors and policymakers while enabling corporates to scout emerging technologies. From 10–13 November 2025, the event welcomed 71,386 participants from 157 countries, the highest number of attendees in its history, reinforcing the city’s role as a global hub for innovation and deal-making.
DID YOU KNOW?
Portugal has the 5th lowest electricity price in EU
According to Eurostat, Portugal has the 5th lowest electricity price for non-household consumers, among EU countries, in the first half of 2025, well below the EU average.
Portuguese economy growing above the Euro zone
In Q3 2025, Portugal's economy grew 0.8% quarter-on-quarter, the strongest pace since early 2023 (excluding Q4 2024) and the highest growth among Euro Area countries. Year-on-year, GDP rose 2.4%, the 4th in the EU, confirming the economy’s resilience after recent global shocks and reinforcing the Government’s confidence that 2% growth in 2025 is achievable.
What they say
Lisbon's dynamic tech environment and rich digital resources make it an ideal base for our growth, expanding our global pool of talents. We're excited to integrate into Lisbon's thriving tech scene, amplifying our commitment to excellence in streaming technology.Jonas Engwall, CEO of Bedrock
