Madeira Parques Empresariais (MPE) has announced three new private investments for the island of Porto Santo, with a total value exceeding 12.5 million euros. The projects span the pharmaceutical, fish trading, and timber industries.
The largest investment, over 10 million euros, comes from Biocann, a company involved in the pharmaceutical sector and the production of therapeutic cannabis. Construction for this project, which will receive 4.8 million euros in support, has already begun and is expected to create approximately 20 jobs.
Additional investments include Grupo Ilha Peixe, allocating around two million euros for a fish trading and distribution facility, and Dias & Companhia, with over half a million euros for a showroom in the timber industry sector.
