São Paulo – The Brazilian Trade and Investment Promotion Agency (ApexBrasil) signed on Monday (3) a protocol of intent with LuLu Hypermarket to promote made-in-Brazil foods and beverages at the chain of hypermarkets in Saudi Arabia. That is one of the three memorandums signed in Riyadh, Saudi Arabia, during the trip of Brazilian vice president Geraldo Alckmin. Accompanied by a delegation of ministers, government officials, and businesspeople, Alckmin will continue to China in the coming days.
According to information released by Brazil’s Ministry of Agriculture and Livestock, represented by minister Carlos Fávaro on the trip, the other two protocols of intent in Saudi Arabia were signed between the Ministry of Investment of Saudi Arabia and EB Capital and Pátria Investimentos to facilitate investments between the two countries.
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Alckmin, who’s also at the head of Brazil’s Ministry of Development, Industry, Trade and Services, met with Saudi investment minister Khalid Bin Abdulaziz Al-Falih, together with Brazil’s planning and budget minister Simone Tebet, who said Brazil’s growth has been stronger in the countryside, and pointed out that the 2024-2027 Pluriannual Plan was designed with popular participation and a eye toward a more inclusive, sustainable country.
Alckmin presented Brazil’s booming economy in Saudi Arabia
Alckmin, for his part, presented data of Brazil’s economy growth in 2023, when its gross domestic product expanded by 3%, with increases in both income and job creation, according to information from Tebet’s page on X (formerly Twitter).
The delegation also features Rui Costa (chief of staff), Wellington Dias (social development), Márcio França (entrepreneurship, microenterprise, and small businesses), and Paulo Teixeira (agrarian development), foreign ministry’s secretary-general Maria Laura da Rocha, ApexBrasil president Jorge Viana, and top officials of public institutions and companies.
Translated by Guilherme Miranda
