Ricardo Arroja, a visiting professor at the School of Economics and Management at the University of Minho, is the new president of AICEP – Agency for Investment and Foreign Trade.

The new president holds a degree in management from the University of Porto and a PhD in Administrative Sciences from the University of Minho. Until now, he served as a visiting lecturer at the School of Economics and Management at the University of Minho.

Ricardo Arroja, who has held administrative and supervisory roles in companies, also has experience as a consultant in areas such as corporate finance and banking.

Additionally, he has been a consultant for international organizations such as the Organisation for Economic Co-operation and Development (OECD) and the International Labour Organization (ILO).

Sources connected to the process had confirmed to Lusa that the Government had dissolved the AICEP administration led by Filipe Santos Costa.

The change in the administration of the agency responsible for attracting investment is linked to the objective of giving a “new impetus and vision to AICEP,” according to the Government’s program, the same sources indicated.

Filipe Santos Costa began his role as president of AICEP on June 5, 2023, for a three-year term.

According to the newly released note, Madalena Oliveira e Silva, currently an AICEP staff member, former ambassador Joana Gaspar, Francisco Catalão, who holds a PhD in management, and Paulo Rios de Oliveira, a lawyer and consultant, will be appointed as executive directors.

The names proposed by the Government are subject to evaluation by the Commission for Recruitment and Selection for Public Administration (Cresap). However, this evaluation is not binding.

The mandate of these members will last for three years.

“The Government is confident that the appointment of a new president and new directors will provide AICEP with a new dynamic. As outlined in the Government’s program, the aim is to strengthen AICEP’s role in supporting the strategy of internationalization and attracting national and foreign investment,” it noted.