Govt funded real estate and tourism investment association extends to cover the whole of Brazil

ADIT, the Association for Inward Investment in Real Estate and Tourism, has announced that it is widening its influence to cover the 27 states of the whole of Brazil and not just the nine states of the Northeast region.

As a result is name has been changed from ADIT Nordeste to ADIT Brasil and it will also broaden its fields of activity to include residential and commercial property based investments, hospitality, real estate tourism and logistics.

The organisation will also strengthen its presence in the environmental sector, with the aim of creating legal security to advance real estate and tourism developments across the country.

The announcement comes exactly four years after the Government funded Association was founded. It was formed in June 2006 in order to drive forward the Northeast’s tourism and real estate development. Before then, there was no official body representing the interests of these sectors.

ADIT Brasil attracts foreign direct investment in land and real estate projects by introducing the most reputable Brazilian developers, architects, lawyers and related businesses to international investors including hoteliers and resort groups and encouraging the formation of working partnerships.

The association holds an annual conference, exhibition and business networking event called Brasil Invest (formerly known as Nordeste Invest). The event has become a milestone in the industry. Its fifth conference in May 2010 in Natal it attracted more international investors than ever before. Some 120 foreign investors attended and met with Brazilian companies in the real estate and tourism sectors, with parties agreeing an anticipated R$ 1.8 billion of business.

‘The idea is that ADIT Brasil is the official gateway into Brazil for foreign investors who are interested in real estate and tourism opportunities.  It is also a one stop shop where investors will find everything they need in order to be able to invest in the country,’ explained executive director Danilo Canuto.

‘The association engages all of those who work with the entire productive chain, including hotels, real estate developers, construction companies, law offices, architects, consultants and financial institutions, thus, establishing a link between Brazilian companies and the rest of the world. This way, ADIT Brazil provides guidance and helps Brazilian and foreign investors achieve secure and profitable business,’ he added.

There are some $50 billion worth of projects being planned in 12 different cities – Belo Horizonte, Brasília, Cuiabá, Curitiba, Fortaleza, Manaus, Natal, Porto Alegre, Recife, Rio de Janeiro, Salvador and São Paulo in the lead up to the 2014 FIFA World Cup and the 2016 Olympics.

These plans include upgrading of airports and ports as well as a high speed trains between Brazil’s largest cities, Rio de Janeiro and São Paulo, which should be ready in time for the 2016 Olympics.

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Tagged as: ADIT Brasil, real estate, tourism development