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Algarve welcomes major investment

Algarve welcomes major investment

A new fish freezing factory, described as the largest of its kind in the Iberian Peninsula, was inaugurated in Lagos on Friday (March 22) – just one day before Lagos, Aljezur and Vila do Bispo committed to signing an agreement to “protect and value the sea as an invaluable resource”.

The factory has created 75 jobs and aims to export around 15 tons of Portuguese ‘carapaus’ and ‘cavalas’ (types of mackerel) to Spain, the UK, Malta and Turkey by the end of 2019.

It is owned by Grupo Battaglia Capital which invested €16 million in the project – €6.5 million of which was covered by the Operacional MAR2020 programme.

Read more in the Resident