Brazil Oil Research Park Attracts New Tenants

It's easy to see country's like Venezuela, Saudi Arabia and Nigeria suffering from the drop in oil prices as the commodity represents a significant amount of their revenues.

Brazil has also suffered from the drop in oil prices.

As such, Rio de Janeiro's Technology Park is looking to a more diverse group of tenants to reverse fortunes. More specifically, cosmetics brand, L'Oreal, and brewer, Inbev, have decided to set up shop in the technology park.


Rio de Janeiro's Technology Park is home to over 50 companies, including General Electric Co., and independent research labs, including Fundação Oswaldo Cruz, which is looking for a cure to the Zika virus.

Read more from CNBC Brazil Oil Research Park