São Paulo – Brazilian enterprises are going to present investment projects during the trade mission to the Arab world that the Ministry of Development, Industry and Foreign Trade will promote in late November. The matter was discussed this Thursday (28th) at a meeting of businessmen and organizers at the Arab Brazilian Chamber of Commerce, in São Paulo.
In the morning, the meeting was attended by infrastructure companies, and in the afternoon the focus was on agribusiness. Companies and organizations such as Tiba Agro, Horus, SLC LandCo, Vision, Aprosoja and DGA are going to show the Arabs the opportunities that they offer in the agricultural sector. Out of approximately 100 mission members, 25 are going to seek investment, according to the coordinator for the field at the Brazilian Export and Investment Promotion Agency (Apex).
These companies’ projects comprise several links in the agribusiness production chain, from farming to industrialization and logistics. The portfolio includes opportunities in real estate, grain, dairy, storage, transport, agricultural technology, among others. There are also many different ways for investors to participate, from financers to partners.
The delegation will travel to Syria, Saudi Arabia, the United Arab Emirates, Qatar and Kuwait, and will be headed by minister Miguel Jorge. This will be the fourth mission to the Arab world promoted by him.
Enterprises and funds based on these countries already do business with Brazil in the agricultural field, as either importers or investors. Such is the case of sovereign funds from Gulf countries, which invest abroad in order to guarantee their domestic food supplies. In Syria, sugar industry ventures have counted on the participation of Brazilian companies.
The market development manager of the Arab Brazilian Chamber, Rodrigo Solano, gave a presentation on the Arab countries. He claimed that the food sector has the greatest business potential, but that the Brazilian market share is still small. Solano also stated that the countries that will be visited by the delegation should invest US$ 28 billion abroad by 2013.
The meeting was also attended by represents of the Brazilian Ministry of Development, Industry and Foreign Trade, of the Ministry of Agriculture and of the National Development Bank (BNDES).
*Translated by Gabriel Pomerancblum
