Microsoft is set to invest around $100 million USD in Rio de Janeiro over the next four years while the opening of its first advanced technology center in Brazil, AgÃªncia Estado reports.
The new center will be based in Rioâs port zone, an area known as âPorto MaravilhaâÂ due to the vast revitalization process it is undergoing.Â It will receive support from the Brazilian federal government and from the city hall, although the investment will reportedly come entirely from Microsoft.
As the news agency notes, this represents a much larger investment than the $5 million USD Microsoft fueled into its Sao Paulo R&D hub earlier this year. As a matter of fact, Rioâs center is only the fourth of its kind, following the opening of similar bases in Germany, Israel and Egypt.
According to the news agency, this decision is the result of one year of negotiations with the Brazilian authorities, and is set to be officially announced tomorrow during a ceremony in Brasilia in presence of the Education Minister, Aloizio Mercadante, and the Innovation, Science and Technology Minister, Marco AntÃ´nio Raupp. An official event co-hosted by Rioâs mayor Eduardo Paes will also take place at Microsoftâs future site in Rio on Thursday.
As you may remember, Microsoft had already announced in September 2011 that it would startÂ manufacturing Xbox 360 in BrazilÂ to cater to local demand.Â While it was already a newsworthy move, it is even more interesting to see Microsoft take things one step further; its plans confirm that it is now seeing Brazil as more than a market where to sell its products.
Microsoft aside, the list of tech companies that have recently announced large investments in Brazil includes names such asÂ Lenovo,Â FoxconnÂ andÂ CiscoÂ âÂ not to mention IBM and GE, which already have research centers in the country.
According to the Brazilian authorities, Microsoftâs decision will now boost this trend, and result in the opening of at least three advanced tech centers by multinational companies in Brazil by 2014, starting with a research hub from Intel.
Image credit:Â VANDERLEI ALMEIDAÂ / AFP/ Getty Images