Minas Gerais Signs Protocol for R$3B Península Três Marias Development

The Minas Gerais government signed an intent protocol with Elemental Construtora to support the Península Três Marias high-end real estate and tourism project, with a total sales value of R$3 billion and R$600 million in investments. The protocol signals government backing but is non-binding; project execution and financing remain uncertain. This is a notable regional infrastructure and investment development, though not market-moving at a macro level.