Author: Mark Ament
The fair is going to take place between May 22 and 24 in the United Arab Emirates and its objective is presentation of services and products for hotels. The Brazilian stand will have from kitchen utensils to furniture for swimming pools and shampoo kits. A total of 150 new hotels are being planned in Dubai for construction within the next five years.
This is the conclusion of a study by the Arab Brazilian Chamber of Commerce. The document also shows that Brazilian participation is still modest, 0.2%. The sector that stands out the most is the shoe sector. In this sector, Brazilian products answer to, on average, 3.1% of the total imported by the countries of the Arabian Gulf.
Brazilian sales revenues to the 22 Arab countries in the League of Arab States rose 18% between January and April, more than the 12% to 13% forecasted by the Arab Brazilian Chamber of Commerce for the year. The tendency, according to Antonio Sarkis Jr., the president of the organization, is that the shipping should rise even more in the second half of this year. In April, the growth was 53%.
The Syrian delegation, which participated in the business roundtables between Brazilians and Arabs, in São Paulo, had a meeting with directors of the Arab Brazilian Chamber of Commerce on Friday. They want to buy more from Brazil and discuss forms to simplify trade.
The idea of creating a division to deal with the matter was approved by the CCAB president, Antonio Sarkis Jr., and by the secretary general of the GCC, Abdul Rahman Al-Attiyah. Yesterday the decisions of the Summit of South American – Arab countries started being carried out by the businessmen gathered in São Paulo. At the seminar that opened the event, the general opinion was that now is the time for the private sector to drive the relations between Brazil and the Arab world.
The president of company Soriac, from Morocco, is interested in importing disassembled vehicles made by the Brazilian company for assembly in his country. The plan is then to export to Africa. The Moroccan company produces chassis, bodies, buses and lorries.
The Bank of Brazil and Brazilian Development Bank (BNDES) have accepted to participate, with the Brazilian government, in a road show around the main Arab financial institutions. The objective is to attract capital for projects in Brazil. The first visits may take place this year.
Geovana Pagel* São Paulo – The city of São Paulo is going to host the Egyptian Week in Brazil, to take place between November 21st and 27th 2005. The organization of the event was recently confirmed by the secretary general of the Arab Brazilian Chamber of Commerce (CCAB), Michel Alaby, during a workshop presented by
In an interview to ANBA, the Moroccan minister of Industry and Trade, Salaheddine Mezouar, stated that, after the Summit of South American – Arab Countries, conditions are right for growth of the investment flow. He also defended the establishment of an economic bloc between both regions and changes in the world economy.
Alexandre Rocha* São Paulo – The secretary of Science, Technology, Development and Tourism of the State of São Paulo, João Carlos Meirelles, stated that the state will turn investment of over US$ 4 billion to infrastructure projects during the years of 2005 and 2006. This statement was made today during the Brazil-Arab Countries Business Meeting
