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Chinese Group Announces Investment in New Port in Paraíba That Promises to Generate Millions of Jobs. Learn About the New Venture, invested amounts, and where jobs will be generated.
Mataraca, a city in Paraíba located 120 km from João Pessoa, will soon receive a Deep Water Port and a planned, modern, and international city covering over 110 km². The investment of R$ 9 trillion will be made by a consortium from China, with experience in Dubai, Qatar, and Egypt.
Precisely located in the northeastern corner of the State of Paraíba, right on the border with Rio Grande do Norte, the city of Mataraca stands out for its welcoming population, which until the last census conducted by IBGE in 2020 was over 8,500 people. This municipality, despite its vast territorial area of 174 km², has a considerably small urbanized zone.
The local economy revolves around 225 million in terms of gross domestic product, with a significant emphasis on tourism, driven by its beaches and the exploration of minerals, among which titanium notably stands out. This precious mineral, highly sought after in the international market, is primarily extracted in the far northeastern part of the municipal territory, specifically at the Guaju mine.
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For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.
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The labor shortage has changed its face in Brazil: companies hire 80% more, but workers stay only 6.8 months in the job, the service market becomes a “revolving door,” and businesses spend increasingly more to train teams that soon leave.
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Chinese giant chooses SC to set up its first factory in Brazil, investing R$ 250 million and producing MRI machines costing R$ 10 million each, with 100 direct jobs and 5% of revenue allocated to research.
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After selling a unit for R$ 115 million to pay off debts, a traditional factory in SC founded in 1932 has a new R$ 64.8 million plan denied by the court and retains about 690 workers in Joinville.
Chinese Group Announces Investments in Paraíba With Expectation of Generating Thousands of Jobs
The majority of the titanium produced is destined for export, especially to the Netherlands, requiring a journey of approximately 1 hour and a half to the Port of Cabedelo for the transportation of cargo.
This mining activity, initiated by the company Tibras in 1971, marked the beginning of mineral resource exploration in Mataraca, Paraíba, but since then, the municipality has seen few significant investments in this area. A game-changer occurred 3 years ago when representatives of the Brazilian CRT group originating from China began negotiations with the City Hall of Mataraca.
Benefits of the New Port in Mataraca
The goal is ambitious: to build a new port and promote the urban development of the city. In December 2023, the signing of a memorandum of understanding brought the promise of change closer to reality, gathering important figures such as politicians, investors from China, and the president of the Federation of Municipal Associations of Paraíba.
Construction in Paraíba is expected to begin soon, with a portion of the investment already released to kick off this project. The future port, which seeks inspiration from the offshore design of the Pem port, is expected to create a significant impact on local and regional employment, generating over 100,000 direct and indirect jobs during its construction.
This offshore model, an innovation in port infrastructure, is characterized by its location far from the coast, often being established over the sea waters. This feature allows large vessels to dock more easily, marking a significant advancement compared to the limitations found at the Port of Cabedelo.
Moreover, China’s choice to invest in an offshore port offers unprecedented flexibility in site selection, freeing the project from the typical geographical restrictions of coastal areas.
Investment in Paraíba Will Be One of the Largest in the Country
Building a port with these characteristics is no easy task. It requires advanced technical knowledge and the ability to overcome significant environmental and logistical challenges. However, the Chinese group responsible for the project in Mataraca, Paraíba, has already demonstrated its competence and vision for developing smart cities in globally renowned locations such as Dubai, Qatar, Singapore, and Egypt.
The impact of this investment goes beyond Mataraca’s borders, promising to bring significant economic benefits at the national level and establish a benchmark in terms of innovation and sustainable development in the port sector, transforming the region into an example of progress and prosperity.
The Port of Mataraca is set to become the most significant in northeastern Brazil and possibly all of Brazil.
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