Microsoft Investing $100 Million In Brazil To Build A New Tech Center

Posted on Nov 7 2012 - 5:20am by Editorial Staff

Microsoft new logo 300x110 WSJ: Microsoft Currently Testing Its Own Smartphone With Asian Suppliers

According to Brazil publication Agência Estado, the software giant Microsoft all set to make its first investment of $100 million in the country to build a first advance technology center over the next four years. The decision is taken after the result of whole one year of negotiations with the Brazilian authorities. The new center will be based in Rio’s port zone, in an area known as “Porto Maravilha.” The announcement will take place tomorrow during a ceremony in Brasilia with both country’s Education Minister, Aloizio Mercadante, and the Innovation, Science and Technology Minister, Marco Antônio Raupp will be there although on other side an official event co-hosted at Microsoft’s future site by Rio’s mayor Eduardo Paes.

(Image Source: Flickr @Featured Image)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.