Chinese “looking for the ideal Club Med resort to develop in Portugal”

On the last leg of her “selling the country’s ports to China” trip, Minister of the Sea Ana Paula Vitorino has heard from Fosun – the Chinese company that owns insurance group Fidelidade, Luz Saúde (formerly Espírito Santo Saude) and holiday operator Club Med- that it wants to keep investing in Portugal, reports Correio da Manhã.

It is particularly on the look-out for a “place to construct a resort”, says the paper.

Vitorino is reported to have had a private meeting to this effect with Fosun’s co-president Xu Xiaoliang who “demonstrated the commitment of the group in Portugal”.

For now, no locations are being mentioned though there are some key ‘top-notch projects’ aching for investors, particularly in the Algarve.

According to CM, Vitorino’s visit has seen Chinese interest in Portuguese investment “exceed expectations”.

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