IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL5.14▼ 0.14% USD/MXN16.95▲ 0.30% USD/CLP914.28— 0.00% USD/COP3,038▼ 1.18% USD/PEN3.35▼ 0.06% USD/ARS1,499▲ 0.12% USD/UYU40.20▲ 1.58% USD/PYG5,996▲ 1.55% USD/BOB11.43▲ 0.41% USD/DOP58.82▲ 0.20% USD/CRC450.05▲ 3.34% USD/GTQ7.62▲ 2.21% USD/HNL26.81▲ 0.31% USD/NIO36.62▲ 0.61% USD/VES778.00▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.79% EUR/BRL6.00▼ 0.64% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 171,031.73 ▲ 1.85% IPSA 11,338.38 ▲ 0.89% IPC MEX 65,729.18 ▲ 2.14% MERVAL 2,913,184 ▲ 1.30% COLCAP 2,459.23 ▲ 0.61% BVL PERÚ 58,698.13 ▲ 2.60% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Sunday, August 23, 2026

Life & Society Real Estate

Praça Muhammad Ali Opens in Rio de Janeiro’s Port Zone

By · July 19, 2016 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – On Sunday, July 17th, Rio Mayor Eduardo Paes inaugurated a new stretch of the Orla Conde path in Rio’s revitalized Port Zone including the new public plaza, Praça Muhammad Ali at Avenida Rodrigues Alves. With the 2016 Rio Olympics rapidly approaching, Sunday’s opening represents one of the last pieces of the immense Porto Maravilha redevelopment project.

Brazil, Brazil News, Rio de Janeiro
The new Praça Muhammad Ali along the Orla Conde provides an additional 21,861 square meters of public space, photo courtesy of Prefeitura do Rio de Janeiro.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

The Porto Maravilha project covers an area of five million square meters of the city’s port district, framed by Presidente Vargas, Rodrigues Alves, Rio Branco and Francisco Bicalho avenues in Rio’s Centro neighborhood. The soon-to-be home of the Olympic cauldron, Praça de la Candelária, remains as one of the final areas yet to open.

The November 2013 demolition of the elevated Perimetral highway, which once loomed imposingly over the district, opened the door for new scenic public plazas with walkways and bike paths along the Guanabara Bay waterfront, museums, such as the Museu do Amanhã (Museum of Tomorrow) and the Museu de Arte do Rio (MAR), and a new light rail transport for the area, the VLT.

Sunday’s opening of the new stretch of the Orla Conde path and Praça Muhammad Ali, provides visitors an additional 21,861 square meters on top of the already opened 283,000 square meters for public art displays, entertainment, sports and leisure activities.

At the opening, Mayor Paes spoke about the significance of this project to the area, exclaiming, “We are not just in the center of the city, we are in the center of Brazil. […] But, the coolest thing is to see what Centro is turning into.” The Mayor added, “Last week I was here with my son and saw that not only is Praça Mauá full of families, but so is Rio Branco, the Praça XV and the Albamar area.”

Brazil, Brazil News, Rio de Janeiro
Rio residents Oswaldo and Denize Duarte say the new public space is a must-stop for any visitor, photo courtesy of Prefeitura do Rio de Janeiro.

São Cristóvão residents, Oswaldo and Denize Duarte, who unknowingly stumbled upon Sunday’s opening ceremony while cycling through the area, were pleasantly surprised with the new public space and now consider it a must-stop for any cyclist.

“We usually always cycle the Aterro in Flamengo and Botafogo. We had not yet seen the wonder that is here,” Oswaldo told a government news agency. “The Orla Conde is getting beautiful and, what is more important, well policed. In addition to taking advantage of this beautiful view, we can now leave the car at home and come riding without fear.”

The Porto Maravilha project’s security measures for the Port Zone district include the increased presence of Operação Centro Presente officers, as well as the installation of 218 security cameras throughout the area.

Sunday’s inauguration included the new public plaza, Praça Muhammad Ali, located in front of the Utopia AguaRio VLT stop at Avenida Rodrigues Alves. During Sunday’s ceremony, Mayor Paes spoke about the legendary boxer and activist who passed away last June.

“Muhammad Ali not only represented a symbol to the sports world, he was an important character in the story of the last century and the beginning of this century, and we honor here him in this neighborhood.” Mayor Paes revealed that the city would soon add a sculpture of the celebrated sports icon in the new public plaza bearing his name.

During the 2016 Olympics starting on August 5th, the revitalized Port Zone will be home to several key attractions, including the Olympic cauldron, the Brazil hospitality house (Casa Brasil) and the NBA House.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.