BPI CEO calls for industrialization of construction and coordinated action

The CEO of BPI emphasized the need for industrialization in construction to address the housing crisis, advocating for coordinated action between the state and private sector. João Pedro Oliveira e Costa highlighted that industrialization could significantly reduce construction costs and that many Portuguese companies are capable of executing such projects efficiently. He noted the importance of skilled labor, suggesting that local engineers could be utilized instead of relying on foreign workers. Additionally, he mentioned the need to identify suitable land for construction and proposed incentives for companies to encourage swift investment. Oliveira e Costa called for collaboration among political parties, local governments, and the private sector to create an urgent action plan.