Brazil construction magnate Norberto Odebrecht dies at 93

RIO DE JANEIRO – Norberto Odebrecht, founder of the Brazilian construction company behind large-scale infrastructure projects including several World Cup stadiums, died of heart failure and was buried Sunday. He was 93.

The engineer and businessman was laid to rest in the northern city of Salvador after passing away on Saturday night.

His firm, Odebrecht, which he founded in 1944, was behind numerous major projects including dams and highways in the Amazon jungle.

Born in Recife on Brazil’s northeastern coastline, Odebrecht moved with his parents to Salvador as a child before starting his company there, which blossomed into a giant conglomerate.

The firm today employs some 170 000 people with projects under way in 23 countries.

The firm joined consortia which won contracts for four World Cup stadiums -including renovations of the fabled Maracana and the new Corinthians Arena in Sao Paulo.

Forbes Brazil recently estimated Odebrecht was the ninth-richest man in the country.

His grandson Marcelo Odebrecht took over as CEO at the end of 2008. – Nampa-AFP

In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.

AI placeholder

The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!


Latest News