Shoppings Malls in Brazil Already Employ Close to 1 Million People

Brazzil Magazine covers

Mall in São José dos Campos, Brazil The Brazilian Association of Shopping Centers (Abrasce) announced that it is going to take Brazilian shopping mall know how abroad. According to the organization, its president, Marcelo Carvalho, is going to represent Brazil in a course about the theme in Botswana, Africa.

According to Abrasce, the course should take place during the first Shopping center University on the African continent, organized by the International Council of Shopping Centers (ISCS) and taking place this week.

Carvalho, according to the organization, should be responsible for the course, turned to around 150 executives from Angola, Botswana, Nigeria and South Africa. "The work developed by Brazilian entrepreneurs is gaining greater and greater recognition due to the success of the industry and to its more and more global characteristics. Activities like this one we are promoting on the African continent show this fact," he said, in an Abrasce press statement.

The association, which has been in operation for over 30 years, brings together the main businessmen in the shopping center sector, including entrepreneurs, administrators, service providers and retailers. Its objective is to strengthen the industry in the country.

The organization, according to the press statement, has been expanding its cooperation with international institutions, like the ICSC. Between September 8 and 10, Abrasce is going to promote, in São Paulo, the 10th International Shopping Center Congress and Conference of the Americas.

According to the Brazilian Association of Retailers (Alshop), a total of 22 shopping malls were inaugurated in Brazil in 2007. The total rose from 622 units to 644. Sector nominal revenues rose from US$ 60.3 billion in 2006, to US$ 68.4 billion last year. At the end of the year, the shopping malls of Brazil employed 868,000 people.

In the area of foreign investment, according to the Abrasce, over the last three years, the capital entering the country to be invested in the sector reached 7.5 billion reais (US$ 4.7 billion).

Service

Abrasce
Tel: (+55 11) 5502-3277
E-mail:
abrasce@abrasce.com.br

Anba

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Spends US$ 20 Million in Export Push to European Union

This month. the Brazilian government, in partnership with the European Union, will inaugurate an ...

Brazzil Magazine covers

Bush Wants to End Import Tariff on Brazilian Ethanol

The President of the United States, George W. Bush, asked the American congress, last ...

Brazzil Magazine covers

Brazilian Diplomats From Around the World End Crash Course on Brazil Agribusiness

Twenty three diplomats participating in the Brazilian Agribusiness Immersion Program over the last two ...

Brazzil Magazine covers

US-EU-Brazil Team Can’t Agree on How Much Water Should Go in Ethanol

A Brazilian-American-European taskforce of technicians created to define an international standard for ethanol has ...

Brazzil Magazine covers

1,100 Exhibitors from 20 Countries Come to 14th Rio Oil & Gas, in Brazil

The IBP (Brazilian Oil Institute) is promoting, in Rio de Janeiro, the 14th edition ...

Brazzil Magazine covers

Brazil Day, a New York Event to Lure US Capital

New York will host this year’s third edition of Brazil Day. The event is ...