The Arab Brazilian Chamber secretary general, Michel Alaby, spoke of business opportunities to entrepreneurs from the state yesterday. Furniture, auto parts and agroindustry are promising sectors.
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The opinion was expressed by the Brazilian ambassador in Damascus, Edgard Casciano. To him, the country’s economy is ‘gradually but steadily’ more open and modern, and offers investment opportunities.
Importers from the Arab country and neighbouring nations sought the Arab Brazilian Chamber stand at the Damascus International Fair to learn more about imports of food, clothing and TV antennae.
With a factory in the state of Paraná, company Mazza already exports to 23 countries, including Qatar and the Emirates. The goal for 2009 is to increase revenues from foreign sales from 5% to 10%.
For two years now, the country has been reforming its laws to facilitate foreign investment. According to information supplied by the Syrian Investment Agency, several long-term projects are underway.
Yesterday, Mohammed Naji Otri participated in the opening ceremony of the Damascus International Fair, which counts on the participation of 4,500 exhibitors from 48 countries, including Brazil.
Retailers from the Emirates and Egypt will be among 24 importers invited by the High-End Furniture Manufacturers Association to attend sector fair Abimad, which starts on the 30th in São Paulo.
In September, the Brazilian Supermarket Association wants the presence of representatives of at least 10 Arab companies in the sector to negotiate with food and equipment suppliers.
The Brazilian company, one of the largest manufacturers of socks and men’s underwear in the country, exported approximately US$ 1 million to the Middle East in 2008.
The Arab Brazilian Chamber will organize a meeting for Arab importers and Brazilian exporters during the world’s 5th largest hotel sector fair, to be held in the city of São Paulo in September.
The multinational company’s Brazilian arm, in the real estate sector, will promote a road show in three Arab countries in September. Investment options in Brazil will be presented to local investors.
Liz, a textile mill from São Paulo that already exports to seven Arab countries, is betting on increasing sales to the United Arab Emirates, Saudi Arabia and Bahrain by the end of the year.
The organization’s stand will receive catalogues and promotional material from Brazilian companies willing to promote their products at the Syrian multisectoral fair, which starts on July 14th.
A partnership between the Export Promotion Agency and the Architecture Firms Association aims to export US$ 3.5 million in services. One of the first actions will occur in October, in the Emirates.
