Economy of Porto Alegre

Among the main business located in Porto Alegre are Gerdau, Petroleo Ipiranga, Zaffari and RBS. Since 2000, General Motors (GM) is operating in Gravataí, located in the Metropolitan Region. Also in this Region but in Triunfo, there is a Petrochemical Pool, and in Eldorado do Sul Dell Computers has established a plant. In the health sector, the three hospitals: Hospital Moinhos de Vento, which is a private, JCAH-accredited hospital, Santa Casa de Misericordia Hospital and Clinicas Hospital, public, are considered among the best in Latin America. The latter are university-affiliated, referral hospitals for the South of Brazil. Commerce is a very important economic activity, with many malls (like Praia de Belas Shopping, Shopping Iguatemi and the smaller though posh Shopping Moinhos). The Metropolitan Region of Porto Alegre, directed to the production of shoes (around Novo Hamburgo) and to petrochemical industries, as well as services.

In the city is located the Electronics Technology Center (CEITEC), focused on the development and production of application specific integrated circuits (ASICs), today announced the opening of Latin America's first IC design center. To create state-of-the-art semiconductor products for high-volume markets that will be consumed in Latin America as well as exported to global markets. CEITEC S.A will accelerate the growth of Latin America's electronics industry by leveraging Brazil's regional influence, leadership and economic strength. The company will add 60 engineers to its ranks who will design RFID, digital media and wireless communication chips for its fabrication facility now ramping up for production. The total investment by the Brazilian government is almost US$ 210 million. The company is implementing a fab-lite strategy with the ability to manufacture analog/digital chips at its facility in Porto