Preparations for Olympics attracts investment in Rio de Janeiro
Date added: 23rd August, 2010 at 09:15
(view all articles from August, 2010)
Categories: Rio, Olympics 2016
The improvements being made to prepare Brazil for the 2016 Olympic Games have seen investment in Rio de Janeiro arrive from many international sources, it has been claimed.
According to the Miami Herald, as many as 180 parties - including bankers, government officials and business executives - arrived in the city in June to find out more about opportunities to earn money from the area.
Infrastructure projects were one of the focuses of the three-day conference, with talks given on sports venues, hotels, airports and other developments.
The news provider reported the Porto Maravilha project aimed to transform the city's dock area into a cultural hub by allowing private investors to buy land in Rio de Janeiro.
It is hoped restaurants, museums and other attractions will be built by the water and the owners of plots will benefit from tax reductions and exemptions.
Meanwhile, around 300 new hotels have been approved for construction, $18.7 billion (£12 billion) is to be invested in a bullet train between Rio de Janeiro and Sao Paulo and $3 billion is to be spent improving airports, the information source noted.
Around 60 per cent of the sports venues required for the competition are already complete, the news agency stated, after the country hosted a more regional event in 2007.
Speaking to the Miami Herald, chief executive of Rio 2016 Leonardo Gryner explained: "All levels of government agreed that the Pan American Games should be used to prepare for the Olympics."
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for investment in Rio de Janeiro. 
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