BUSINESS After Google, Portugal's tech scene gets boost from VW

BUSINESS

After Google, Portugal's tech scene gets boost from VW

Reuters

05:32, April 18, 2018

image.png

A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015 (Photo: Reuters)

Volkswagen is to set up a software development center in Lisbon joining a growing list of companies attracted to the information technology scene in the country, which only recently emerged from its economic crisis and bailout.

The center will employ 300 software engineers, web developers and other specialists in the medium term and will develop cloud-based solutions for corporate processes and online services for its vehicles, especially trucks, the German car manufacturer said in a statement on Tuesday.

It did not say how much it planned to invest.

Volkswagen, which is already one of the largest foreign investors in Portugal, has recently expanded its Autoeuropa plant southeast of Lisbon to make its new compact T-ROC sport utility vehicle.

Lisbon’s Mayor Fernando Medina said VW’s latest move was recognition of Lisbon’s drive to build a vibrant tech and creative center, where people could also have access to a high quality lifestyle.

In January, Alphabet Inc’s Google said it would open a new support center for Europe, Middle East and Africa in Oeiras on the outskirts of Lisbon, which would create 500 tech jobs. Various technology companies already have their local offices in Oeiras.

Last year, Lisbon hosted for the second year in a row the annual Web Summit - one of the world’s largest technology conferences - which has already helped attract tech investment in Portuguese start-ups, as well as new jobs at larger companies.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue