Study on economic complexity for the SUAPE Industrial Port Complex

SUAPE Industrial Port Complex is one of Brazil's biggest economic development projects. The area currently hosts over 80 operational companies, generating more than 20,000 jobs across 12 development hubs. Projections estimate that by 2030, the complex will create over 40,000 direct and indirect jobs, with investments totalling R$ 23.66 billion.

To attract major national and international investors, UNCTAD, in collaboration with the Port of Suape and the National Service for Industrial Training in Pernambuco (SENAI/PE), launched a study on economic complexity centred in the Suape area. This is the first application of such a study to a port-industrial complex, aimed at providing market intelligence, fostering innovations, and attracting investments.

Objectives

The objective of the project is to employ the economic complexity methodology as a strategic tool to identify and explore new investment opportunities in the Suape Industrial Port Complex. The goal is to attract national and international investments to develop new routes and markets from the port of Suape.

Activities

The study proposes a range of activities, including mapping the industries' potential, identifying sectors and products complementary to the existing productive chain in the territory, attracting international investments, and identifying possible international routes and markets.

Research Stages:

Field data collection: This stage will involve research covering all relevant aspects, including mapping existing and emerging industries, identifying current activities, their growth potential, and interconnections with other areas of the economy.
Data analysis: Based on the collected data, the economic complexity methodology will be applied to extract significant insights. The aim is to understand the underlying dynamics driving economic development -- identifying areas of strength and opportunity that can be leveraged to attract new investments.
Investment strategy: Using the conclusions from the data analysis, tailored strategies to attract national and international investors will be developed. The focus will be on creating an investment-friendly environment, promoting the diversification of the local economy, and generating quality jobs.

Expected Results

The study will provide companies already established in Suape with an in-depth understanding of the opportunities for innovation and expansion in their production chains. This will include not only improvements to existing processes but also the identification of new international markets for their products and services.

For the Suape Complex, we hope that the study will provide valuable insights on how to attract complementary businesses that further strengthen local production chains. In addition, we seek to optimize Suape’s industrial development capacity, aligning it with the principles of sustainability and innovation.

UNCTAD plans to take this experience of the project on economic complexity in Pernambuco and share it with other commodity-dependent developing countries to help them diversify their economies.

Delivery of Results

Upon completion of the study, the Suape Industrial Complex will receive a comprehensive document with detailed analyses and strategic recommendations for the economic development of the region. In addition, participating companies will receive a personalized report, containing a specific view for each company, with confidential information protected.

Link to the SDGs:

Goal 8 - Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9 - Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation