Brazilian financial centres attracted a total of $3.3bn in foreign direct investment (FDI) over the 12 months to August 2014, according to estimates by investment monitor fDi intelligence. This is almost four times the amount directed to Mexico, the second highest scoring country in the list, over the same period.
Brazil’s inward FDI was mainly directed towards its leading financial centre, São Paulo, which received $2.17bn of capital investment over eight projects. Capital city Brasilia saw $361m investment by US-based insurance services company McLarens, which has based a new aviation claims management office in the city. Rio de Janeiro attracted $51m over three FDI projects. A number of other FDI projects were spread across the country. Total investment in Brazilian finance centres, however, was 25% lower than the previous 12 months.
