CEO of the Port of Rotterdam Authority, Allard Castelein and the Governor of the Brazilian state of Ceará, Camilo Santana recently signed an investment agreement regarding the Port of Rotterdam Authority’s key role in the development of the Port of Pecém, Brazil.
Under the new agreement, the Port of Rotterdam Authority will invest EUR 75 million in Pecém’s port-industrial complex and will own a 30% share of the enterprise. Along with the share percentage, the Port of Rotterdam Authority will also have a joint say in strategic and investment decisions as well as representation in the Brazilian port’s Executive Board, Supervisory Board and management.
CEO for the Port of Rotterdam Authority, Allard Castelein said, “Our participation in the port of Pecém is a great opportunity. This port has clear growth potential and its strategic situation gives it a strong position for developing into Northeast Brazil’s foremost logistics and industrial hub. This, in turn, will create new opportunities for international trade flows and investments from Europe.”
Over the last 10 years, Pecém has had an average growth rate of 22% and continues to develop at a rapid pace, emerging as a key hub for Northeast Brazil.
Governor of the Brazilian state of Ceará, Camilo Santana had this to say about the new agreement, “We are celebrating the partnership between the Government of Ceará and the Port of Rotterdam, the largest port in Europe and one of the largest ports in the world. I am absolutely convinced that the people of Ceará will benefit the most from this partnership, with more employment opportunities and income.”
This is not the first investment agreement, as the state of Ceará has invested in a variety of international partnerships to aid in the development of the region, these include the German company Fraport who now operate Fortaleza airport and in May 2018 Air France/KLM launched a connection to this airport in partnership with GOL.