Portugal has announced a €3 billion pipeline of new investment projects that are expected to generate more than 2,330 jobs across several strategic industries.
The initiatives span a wide range of sectors, including health, agri-food, chemicals, energy storage and mining, reinforcing the country’s position as a growing hub for advanced and sustainable industries.
The largest project was unveiled by Prime Minister Luís Montenegro and is being delivered through Portugal’s investment and trade agency, AICEP, which has allocated close to €700 million in incentives. It centres on a €2 billion lithium battery gigafactory to be developed in Sines.
The facility, which will produce batteries for electric vehicles and energy storage systems, will be built by Chinese group CALB and is expected to create 1,800 jobs, including 497 highly skilled roles. First announced two years ago, the project is seen as a cornerstone in establishing Portugal as a key player in electric vehicle battery manufacturing.
Alongside this, a €514 million investment will fund the construction of a sustainable lithium refining plant in Estarreja, south of Porto. The project will be led by Portuguese company Lifthium Energy and will create 134 jobs, 34 of which will be highly qualified positions.
In northern Portugal, the municipality of Boticas will benefit from a €313 million investment by British firm Savannah Resources. The project involves the development of a unit for the extraction and production of spodumene concentrate, a critical material for lithium batteries, and will generate 136 new jobs.
Battery-related investment in Sines will be further strengthened by a €109.5 million project from Danish company Topsoe. The new factory will create 62 jobs, with around a quarter classified as highly skilled.
Beyond the energy and battery value chain, additional investments are planned in other sectors. Portuguese company Everbio will invest €39.5 million in a new production plant using recycled materials for food and health packaging, creating 154 jobs.
Meanwhile, €32.9 million will be invested in the construction of a dry pet food factory for dogs and cats in Rio Maior, north of Lisbon, resulting in 50 new jobs.
Commenting on the scale of the investment, the Prime Minister said: “Those who remain rooted in immobility, those who are afraid of change, those who do not dare to take steps - steps that are safe, but that sometimes have to be endured in these moments of transition - those people are left behind.”
He added: “We want an economy with solid labour relations, clearly guaranteeing workers’ rights, guaranteeing job stability, but also ensuring that the labour market has sufficient flexibility for companies to be competitive.”
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