The Algarve Innovation and Technology Park (PPPITA) is an ambitious project being developed in Pechão, Olhão, with the goal of creating a hub for technological companies and fostering innovation in the region. The park will span over 48.58 hectares and will also include facilities in the areas of health, well-being, education, and research. Part of the space is reserved for residential areas associated with the companies operating within the park, as well as around 10 hectares designated for green urban spaces.
The project is seen as a crucial contribution to Olhão’s urban policy and aims to promote sustainable urban development. Alongside the innovation park, there is also a plan for the construction of 548 public housing units as part of the municipality’s long-term development strategy.
This initiative represents a collaboration between the private sector and the municipality, with the private landowners working closely with local authorities to ensure the park aligns with regional and municipal planning regulations. The plan is expected to be completed within 18 months, setting a foundation for future technological and educational advancements in the Algarve region.
The Algarve Innovation and Technology Park is a key part of the region’s strategy to drive innovation and attract investment, especially in technology and academic research