Portugal signs agreement with Belgium for a new ammunition factory with the State as a minority shareholder

Portugal and Belgium signed a memorandum of understanding on Tuesday to build a new small-caliber ammunition factory in Portugal, expected to be operational by 2029. The project involves an investment of approximately 50 million euros under the EU's SAFE loan program, aiming to create around 100 specialized jobs, with potential locations including Viana do Castelo or Alcochete.


