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Brazil's construction industry is developing at full steam and, in the works being launched all the time throughout the country, foreign investment in the field is increasing even further. Just to give an idea, if the sector presented growth of 4.6% in 2006 and forecasts point to a 7% growth this year, foreign capital inflow rose from US$ 321 million in the whole of last year to US$ 900 million from January to July of 2007 alone.
In the first seven months of 2006, investments totaled just US$ 72 million, according to data supplied by the Brazilian Chamber of Civil Construction (CBIC).
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“Sun, sea and samba - succumb to the tropical beat and contagious energy that is Brazil. Whether it's the rustle of palms swaying in the breeze or the playful blast of a carnival whistle, Brazil radiates a love of life like no other."
Mention Brazil and what springs to mind? Snake-hipped dancers moving in time to hypnotic samba rhythms? Carnival revellers wearing feather headdresses shimmying through the streets of Rio? Sun-bronzed volleyball players frolicking on the sugar-white sands of Copacabana beach? Vibrant and intoxicating, Brazil is all these things…and more! Roughly the size of the USA and covering almost half of South America, Brazil is one of the most diverse countries in the world. | |
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16 November 2007
Petrobras, the state-owned oil company within Brazil has announced a major new discovery of between five and 8 billion barrels of oil. The discovery is of light crude which is less expensive to refine and consequently its value is higher. The total size of the discovery puts Brazil in the same league as Saudi Arabia.
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Northern Brazil is building its reputation as an up-and-coming resort among people looking for a tropical holiday or second home, thanks to direct flights to
Natal from the
UK.
Favoured by footballers and film stars, Natal is fast-becoming a hotspot among tourists with its white sandy beaches, high temperatures, and flights of only nine hours, the Daily Telegraph reports.
Indeed, the construction of a further airport at nearby San Gonzalvo in 2010 is sure to put
Natal and surrounding areas truly on the map.
Graeme Grant, of Resort Group International told the newspaper that
Natal is quickly gaining pace as a second home resort and has much to offer.
"Aside from its natural beauty, it has a stable economy, low cost of living - less than 20 per cent of the UK - and the investment in new hotels, golf courses and resorts is expected to exceed US$1.8 billion [£900 million] over the next five years," he explained.
"It is also one of the safest cities in
Brazil."
Brazilian footballer Ronaldo owns a property in
Natal, while his neighbours include Antonio Banderas and Melanie Griffith.
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