Posted by Pioneer Land Group in Economy, Tourism.
Brazil’s President Luiz Inacio Lula da Silva has signed a decree allowing the privatization of Rio Grande do Norte state’s Sao Gonçalo de Amarante airport.
The tender is expected to be launched in H2, and will be worth some 1bn reais (US$544mn), news service Agencia Estado reported.
The first phase of construction is budgeted at around 800mn reais and should wrap up by 2012. The airport has already received 105mn reais in federal funding through the country’s growth acceleration plan (PAC). About 90% of earthworks, 10% of drainage and 25% of paving works have already been completed, and the federal government will invest about 155mn reais by year-end to complete these works. However, the airport’s runways, take-off and taxiing lanes have yet to be built.
Scheduled to open in 2013, Sao Gonçalo airport will be the largest airport terminal in Latin America and the 7th largest in the world, with capacity to handle 5mn passengers/year.
Natal is one of the host cities for the 2014 World Cup.
Business News America full article
Posted by Pioneer Land Group in Economy.
Brazil is booming and brimming with business opportunities—like the “US in the 1950s”—billionaire businessman Sam Zell told CNBC Wednesday. He said if Brazil continues on the same course, he predicts that the “fiscally conservative” nation will soon be one of the top two countries in terms of growth.
CNBC Full Story:
Posted by Pioneer Land Group in Tourism.
The number of Brazilian tourists who travelled to New York increased 41% to 359,000 last year from 2007, making visitors from Brazil the eighth-largest group arriving in the city. Demand is so strong for travel to New York that American Airlines is adding 11 flights a week between the U.S. and Brazil beginning November 18th, the Texas-based air carrier said in a statement on June 24th.
In the country of more than 193 million people, Brazil now has more billionaires than any nation in Latin America according to Forbes magazine, whilst the number of millionaires jumped 19% to 126,882 from 2008 to 2009, according to Boston Consulting Group data. Gross disposable income in Brazil advanced 54.3% from the time President Luiz Inacio Lula da Silva took office in January 2003, the national statistics agency said in an e-mail statement July 16th.
The Brazilian Real has also rallied 100% against the dollar since 2003 and jumped 33% in 2009 alone; the best-performing currency in the world; helped by revenue from exports of commodities such as coffee and soybeans and demand for the nation’s stocks and bonds.
First quarter economic growth of 9%, the fastest since 1995, was driven by consumer spending, as retail sales climbed 15.7% in March from a year earlier, the most since at least 2001. Gross domestic product will expand 7.2% in 2010, the quickest pace in more than two decades, according to a central bank survey of about 100 economists published July 19.
For the full story please visit Bloomberg.
Posted by Pioneer Land Group in Resorts.
Following recent news from the IMF that they have readjusted their forecast higher for Brazil’s growth in 2010, now 5.5%, it seems the economists are proved right and Brazil is set for a number of prosperous years of economic growth ahead.
For Pioneer Land Group our interest is the luxury hotel industry specifically, and this week we received more good news as leading independent global hotel analysts STR Global announced the Brazil’s hotel industry is going from strength to strength. Official data released shows Brazil average hotel revenue has grown over 15% year-on-year over the past 12 months, and currently averages over 70% occupancy across its hotel industry (over 10% higher occupancy than any other country in North or South America).
As Natal Ocean Club Resort & Spa prepares to become Brazil’s flagship luxury resort under experienced management from the Preferred Hotel Group, it is pleasing to know that large numbers of visitors from around the world will soon come to explore this beautiful area and delight in the luxurious Natal Ocean Club. For full details on the hotel figures released please click here.
Posted by Pioneer Land Group in Economy.
Due to the combination of strong domestic and external demand, strong macroeconomic fundamentals and higher commodity prices, the International Monetary Fund this week raised its growth forecast for Brazil in 2010 to an impressive 5.5%. With unequalled high levels of Foreign Direct Investment and also increasing domestic consumption, Brazil has a unique global economic strength in 2010 with growth rates only paralleled by recognised giants India and China (and without many of their problems). For further details visit Bloomberg.
Posted by Pioneer Land Group in Tourism.
As Brazil’s economic prowess continues to expand, the infrastructure of the World’s 5th largest land mass requires continuous investment. With the government’s Embratur program ensuring investment in to tourism infrastructure, the one industry that still requires further development partners is the air industry. Now the airline industry development has been secured following recent investment from the World’s largest carrier, Delta Airlines. Delta have recently requested a code-sharing agreement with Brazil’s low cost carrier Gol Linhas that, if approved by regulators, will allow Delta sales to include over 45 national flights from all major cities within Brazil. For the full story click here.
Posted by Pioneer Land Group in Tourism.
With over 7m annual tourists now enjoying the hundreds of miles of untouched beaches, delicious seafood and relaxed lifestyle of the north-east of Brazil, International Property Journal pronounced Natal in the world’s top ten retirement locations.
The economic growth of Brazil as a country is undeniable, with many analysts now predicting Brazil to overtake the UK’s economy as soon as 2012 if current growth rates continue. Combined with the fantastic weather, friendly people, and of course upcoming events such as the FIFA World Cup and also the Olympics, Brazil’s appeal is practically uncontested.
For more details and insight in to the top ten retirement locations in the World visit International Property Journal.
Posted by Pioneer Land Group in Economy.
Whilst the rest of the World struggles with what seems an unavoidable whirlpool of economic decent, Brazil’s story is a sharp contrast. With countries such as Spain suffering unprecedented unemployment levels around 15%, Brazil’s economic strength and stability has been proven with over 1m jobs created in 2009.
The final figures should range from 1.1m according to Labor Minister Carlos Lupi up to 1.3m if President Lula da Silva’s forecast is right. With a population of 190m this is not an enormous percentage increase, however for a country with a lower base salary and standard of living, these figures bring much needed help. More than the economic ripple throughout Brazil, these figures also bolster the growing confidence of a country that is now realising its full potential.
“Brazil is going through a magical moment in its economic life” Lula said, “At a time when the world is facing unemployment, we created 1.3m new jobs this year of crisis”. Lula was attending an event with automobile manufacturer Ford to unveil their investment in the country’s northeastern state of Bahia.
As the world’s 5th largest landmass, one rich in natural resources from oil to minerals to biofuel crops, with new offshore oilfields recently discovered and increasing mineral demand from Asia, Brazil’s economic growth has already returned to an annualised rate of 5% of GDP. Along with established manufacturing industries from aircraft to mobile phone manufacture, Labor Minister Lupi expects to create a further 2m jobs in 2010.
When Brazil’s growth rates, resources and economic stability are compared to the collapsing developed economies it is evident that Brazil’s meteoric rise will occur far sooner than predicted. Goldman Sachs originally forecast that Brazil would become a major player around 2040, according to growth rates in 2001. What a change 18 months can make. Unless France and Britain can pull themselves out of their current spiral, and sort some serious fundamental economic challenges ahead, then Brazil will be recognised as one of the most powerful countries within the decade. Watch this space.
Posted by Pioneer Land Group in Economy.
First coined in 2001 by Goldman Sachs, BRIC was the collective given to the group of countries – Brazil, Russia, India and China. The investment bank argued in a thesis entitled Dreaming with BRIC’S: The path to 2050 that by the year 2050 the combined gross domestic product of these 4 countries will surpass the product of the elite G7 group of the US, Japan, Germany, Britain, Canada and Italy. The term has stuck and whether this theory is acknowledged by all is neither here nor there, because the figures can’t hide the truth. The BRIC economies are catching and they are catching fast, furthermore the current financial crisis has only strengthened the position of these emerging markets. As the rest of the world’s economies shrink China is expected to expand by 6% this year and India 4.5%,.
This has led the chief economist at Goldman Sachs and the original author of the thesis to revise his theory and predict that the BRIC economies will surpass the G7’s efforts by 2027, as little as 18 years time. This is almost half the original prediction and it would come as no surprise were this to be revised again.
Perhaps of more significance though is the inaugural summit of the BRIC leaders in the Russian city of Yekaterinburg. It will be the first time in history the leaders of these emerging powers will assemble for talks and the implications to the rest of the global economy are far reaching. The momentum of this group is gathering pace all the time, and this is the clearest signal yet that this group of nations are able to look after themselves and solve their issues separately with out the help of the G7.
Ref: BRIC nations gather for inaugural summit
Posted by Pioneer Land Group in Economy, Real Estate.
Sotheby’s International is preparing a special portfolio of property for wealthy Arabian investors keen to take advantage of strong yields in a relatively unexposed international market. The Director of Sotheby’s in Brazil, Mr. Fabio Rossi will present the selection to groups of investors from the United Arab Emirates, Qatar and Bahrain looking at commercial real estate, farms, and hotel and tourist enterprises.
In an article for www.brazzilmag.com Mr. Rossi explained that “The return of commercial real estate in Brazil ranged from 0.8% to 1% per month”, this is against a backdrop of a global average of 3% to 4% per year. The Arabian investors have shown a keen interest in the tourism and hotels market and are particularly curious to the affects the world cup in 2014 will have on the segment. With 5 groups playing a strong hand in discussions it is believed they will look to invest some $50million each, and with 3 of the groups keen to partner with Brazilian companies, it could get very competitive come September.
Mr. Rossi goes on to say that Brazil, out of the BRIC economies has now become the number one target destination for Arabian investment. Yet the market still remains in its infancy, foreign investment into Brazilian real estate is 5% of the total compared to a global average of around 30% to 40%.
Ref: Arab Investors looking for productive land in Brazil
