Portugal’s Ocean Economy
Portugal with its historic links to the sea is now investing heavily in the Ocean Economy. This is about more than shipping and fish. It’s about IT, biotech and robotics.
As the global economy slows and the search for new areas of growth becomes more intense, many countries are looking beyond their coastline to the vast, untapped potential of the sea. The “Ocean Economy” is now attracting attention from governments, businesses and investors, not only in traditional industries like fishing and shipbuilding but also in new areas like biotech and robotics. Integration is the watchword and one country, Portugal, is now taking this seriously enough that its government has even established a Ministry of the Sea. For this edition of Global Business Tanya Beckett visits first Lisbon, where the ships they built half a millennium ago sent explorers across the Atlantic and round the Cape to bring home riches from South America, Africa and India; and then Leixoes, an Atlantic Ocean port where a cluster of technology enterprises combines with the local fishing industry and an ocean cruiser terminal in the embodiment of the integrated model that represents the Ocean Economy today.
Presenter: Tanya Beckett
Producer: Tim Mansel
Picture Credit: BBC