Rio de Janeiro – Investment in the national industry will reach 597 billion reals (US$ 320 billion) from 2012 to 2015. The forecast was culled from a study issued this Thursday (19th) by the Brazilian Development Bank (BNDES). The figure represents a 29.5% increase over the investment projection in the previous study, 461 billion reals (US$ 247 billion), which covered the 2007-2010 period.
The highlight of forecasted investment in industry is the oil and gas sector, comprising extraction and refining, which should amount to 354 billion reals (US$ 190 billion). The industry accounts for 59% of total national industry investment during the period covered. In the preceding study, the share was 52% and the investment volume was 238 billion reals (US$ 127 billion).
The BNDES president, Luciano Coutinho, claimed that despite the expected recovery of industry investment plans, “infrastructure investment will remain steady.”
The bank’s Infrastructure and Basic Inputs superintendent, Nelson Siffert, stated that infrastructure investment in energy and logistics will reach 31 billion reals (US$ 16.6 billion) in 2013. The figure is 26% higher than the projection for 2012, which is 24.5 billion reals (US$ 13.1 billion).
*Translated by Gabriel Pomerancblum
