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Economy · Funchal · 19 October 2026

Funchal opens new Local Accommodation with foreign investment

A new Local Accommodation (AL) establishment has opened in Funchal, backed by significant investment from foreign entrepreneurs.

Funchal now features a new addition to its Local Accommodation (AL) sector, driven by foreign investment.

This initiative highlights the growing interest from international investors in Madeira's tourism market, particularly in the island's capital.

The launch of this new AL contributes to diversifying the accommodation options and fostering economic development in the region.

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