Diario do Nordeste reports that traders from the grocery industry have contracted to occupy the first portion of the Cidade do Atacado in Caucaia. The wholesale center, which aims to be the largest of its kind in Latin America, will allocate 60,000 square meters to approximately 130 separate businesses, most of which will relocate from the area surrounding Rua Governador Sampaio in central Fortaleza.
Antonio Vieira, Secretary for Economic Development, said that 400 thousand meters of warehouse space should be completed during 2012, with the final project reaching one million square meters in 2013.
Alongside rising economic activity at the port of Pecém, the municipality of Caucaia is expecting annual revenues of R$1 billion (approximately US$500 million) derived exclusively from Cidade do Atacado, as well as 320,000 jobs.
