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Pecém, Caucaia to Experience Population Boom

11-15-2011 08:21 AM CET | Industry, Real Estate & Construction

Press release from: MDMY Investment

Altavila Condomium Caucaia

Altavila Condomium Caucaia

In Brazil's northeastern state of Ceará, the municipalities of Pecém, Sao Gonçalo and Caucaia are due to see a large-scale population increase due to ongoing development of the port and industrial zone. In Pecém and Sao Gonçalo alone, the current population of 15,000 is expected to grow to 140,000 within ten years with the surge in Brazil investment into infrastructure and energy.

One major contributor to growth is the steel plant under construction by Companhia Siderúrgica do Pecém (CSP), which is expected to generate 37,000 jobs. Petrobras's Premium II refinery will bring an estimated 90,000 direct and indirect jobs. The process of creating adequate housing and infrastructure will create heavy demands on local governments, and unique opportunities for investors and developers.

A zone of rapid development is likely to emerge, stretching from Pecém along BR-085 to Caucaia. Caucaia is already feeling the effects of industrial zone investment, with a new shopping mall and wholesale center promising to add momentum to the growth process.

Population growth will create heavy demand for housing throughout the area. Some of this demand is likely to be met through the government's Minha Casa Minha Vida social housing initiative. The area also requires a considerable increase in middle-income housing options, as well as infrastructure such as schools, medical clinics, road, water and sewage.

Jamie McDonald-Murray of MDMY Investment comments, "The port expansion, steel plant and refinery are creating a truly unique environment for investors, as massive industrial investment is essentially assured for the next five years at a minimum. What's more, we think that this is just the early stages of the first wave in Pecém. Once capacity is built, we expect a second wave of industrial expansion that will create substantial growth through the next decade."

MDMY Investment has two immediate Brazil property developments catering to new workers in the area: Altavila Condominium Caucaia and Vila Verde 1. With Altavila sales underway, the high housing demand is already evident. During the next several months, MDMY plans to announce several new projects in the area, along with opportunities for interested investors.

MDMY Investment is a Brazil-based and operated Investment Company specializing in the Real Estate Development, Construction, Tourism, Security, and Environmental sectors. We offer overseas investors secure, high-yielding investment opportunities in several of Brazil’s fastest-growing business environments.

MDMY Investment S/A
1106 Business Tower
1200 Av. Dom Luis,
Aldeota, Fortaleza.
Ceará, CEP 61.160-230
Phone : +55 85 9127 9963

Scott Johnson
Chief Operating Officer
scott@mdmy.com.br
http://www.mdmy.com.br

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