Portuguese Silicon Valley is born in Matosinhos

The Fiusa Valley promises to be Portugal’s Silicon Valley in Matosinhos at an innovative venture by Farfetch and the Castro Group that even left Economy Minister Pedro Siza Vieira “amazed”. The opening is scheduled for 2025 and is expected to create 7,000 jobs.

The Valley of the Fuse Project was presented in Matosinhos at a ceremony attended by the Minister of Economy.

The future is worth technology, or Silicon Valley Portugalas described, will have offices to house various companies, a hotel, apartments, catering, retail, gym and spa, and green spaces.

In addition, he will have open-air amphitheater conduct lectures, master classes and art exhibitions.

Bet on sustainable mobilityThere will also be charging points for electric vehicles and stations with bicycles and electric scooters for use around the perimeter of the development.

The initiative is the result of a technology partnership. Farfetch, the platform that leads the global online trade in fashion luxury, with a Braga-based company Castro Group which works in the construction and real estate market.

The “Valley of Fuse” will host future global Farfetch campus it will also house a nursery for the children of the company’s employees, as well as a health academy with rooms for exercise, yoga and meditation.

“A revolutionary project for the national economy”

This is a project with “Inspirational and exemplary vision”, as suggested by the Minister of Economy himself, as statements Siza Vieira even said he was “amazed at her potential.”

Mayor of Matosinhos Luis Salgueiro, who was also present at the presentation ceremony of the project, also notes Eco that “the prospect is that they will be created. 7 thousand new jobsespecially in the digital realm. “

“This project is something revolutionary for the national economy and for Matosinhos, this is a strategic investment, ”emphasized Luisa Salgueiro.

“Smart city”

“Innovation, sustainability and wellbeing” are the guiding principles for the development of the Valley of Fuses, as Eco, Farfetch CEO Jose Neves emphasized, «The most sustainable project in Portugal and one of the most sustainable in Europe ”.

“Apart from offices, we were delighted to have a plan that included other companies and other organizations — commercial or not. It is also a hotel, because today companies are mobile. The idea is that the project open to the community the region, but also for the business community, ”says Jose Neves.

Castro Group CEO Paulo Castro notes that the idea create a smart cityor, in this case, a smart valley, ”Eco said in a statement.

“We aim to build a total of 24 buildings, 14 of which we expect to be completed by 2025. Of these, seven are for Farfetch premises, while the rest are promoted by the group, including the hotel, ”says Paulo Castro.

Project signed Danish architect Bjarke Ingels It is expected that 80% of open spaces will be completely open to the community.