This statement is by Mohamed Fahmy Ibrahim, Public Relations of Cairo International Fair, in which Brazilian companies and associations are participating. According to him, Brazil may grow on the Egyptian market if it occupies an intermediary position between European industries, which make quality products at high prices, and Asian companies, with low quality and prices.
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National industries participating in Cairo Intentional Fair, which began on Sunday, are optimistic about the meetings that have taken place. Tangará, a maker of powdered milk, has already made around 25 contacts. Starrett, a maker of saws, will have a meeting today with an Egyptian distributor in the area.
In the first two days of Cairo International Fair, 50 commercial contacts were made at the Brazilian stand, organized by the Arab Brazilian Chamber of Commerce. The Abiec promoted yesterday a promotional barbecue at the Egyptian capital.
A delegation with officials in the civil aviation sector from the Arab country was in Brazil between the 15th and 18th of March to see the Brazilian airports. Sudan plans on building four new airports.
The company NY Looks, based in the city of Mogi Guaçu, in the interior of São Paulo, SE Brazil, invested US$ 778,000 in the new unit, created in partnership with the Egyptian company International Projects & Investment. With a production capacity of 70,000 units per day, the plant produces hair gels and creams.
Apart from companies Tangará and Starrett do Brasil, the stand organized by the Arab Brazilian Chamber of Commerce will also include organizations that represent the meat sector in the country. The multisector fair, which begins on Sunday, is one of the most important in North Africa.
Egyptian lawyer Abdel Hamid Mamdouh, director of Trade at the Service Division at the WTO, is one of the international authorities participating in the World Summit of Young Entrepreneurs, in São Paulo. Yesterday, at the opening of the event, he discussed the opportunities that globalisation presents to young entrepreneurs.
This was the value invested last year by investors from Saudi Arabia in the international financial market. For the head of the Brazilian National Association of Financial Market Institutions, Paulo Sampaio, who participated in the mission to the Arab country during the weekend, it is possible to attract Saudi capital to Brazilian securities in the medium term.
J.Macêdo, from the northeastern Brazilian state of Ceará, is the second largest mill in Brazil and produces an ample line of food products. The group also has factories of electric transformers and paint and had revenues of R$ 1.1 billion (US$ 517 million at current exchange rates) in 2005. Despite the size, only now has the company decided to start exporting in a continuous manner.
The Brazilian ambassador in Riyadh, Isnard Penha Brasil Júnior, made a positive evaluation of the mission that was in the Arab country, during the weekend, to promote the Brazilian capital market. Other sectors also called attention. The prince Waleed Bin Talal, one of the greatest Saudi entrepreneurs, said he was interested in areas such as agricultural industry, petrochemicals and capital goods.
Representatives of the government and of the private sector are going to travel to Saudi Arabia this weekend to show the operation and the size of the market. They are going to meet with authorities in the Arab country. This year the São Paulo Stock Exchange has already had a turnover of R$ 108.4 billion (US$ 50.150 billion) in deals.
Recco Lingerie, a producer of sleeping clothes from the southern Brazilian state of Paraná, started exporting to Lebanon and the United Arab Emirates last year. The company also intends to take its products to other countries in the region. Recco produces 80,000 garments a month and exports to 10 countries.
A group of Brazilian businessmen in the construction sector are going to travel to Abu Dhabi and Dubai between April 20 and 30 to learn about the technology employed in the sector in the country. The Emirates are famous for daring constructions like artificial islands and luxury hotels.
From the Newsroom* São Paulo – A group of 24 Brazilian shoe factories are going to participate from Sunday (5) to next Tuesday (7) in the GDS, the largest shoe sector fair in the world, which takes place in Düesseldorf, Germany. This information was disclosed by a spokesperson for the Brazilian Association of Shoe Manufacturers
