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.
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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
In all, 38 companies from Brazil participated in the largest organic product fair in the world, which took place between February 16 and 19 in Nuremberg, Germany. Contacts were made with importers from 26 countries, among them Saudi Arabia and Egypt.
The measure may contribute to the increase in trade with the Arab world, since many countries in the region are suppliers of this kind of product. Last year, Brazil bought US$ 191 million in fertilisers from the Arabs, especially Morocco and Tunisia.
The conference is scheduled for March 06 and 07 in Manama, capital of the country, and should focus mainly on promotion of private investment in the region. The event is organized by the League of Arab States and by the General Union of Chambers of Commerce, Industry and Agriculture for Arab Countries.
The Tunisian government has opened an international tender for the building, administration and operation of an oil refinery 340 kilometres away from Tunis, the country capital. The production capacity will be 120,000 barrels of oil a day. The deadline for bid submission is the end of March and they may be by foreign companies.
The Brazilian manufacturer of stationery products and office supplies, Helios, will start selling on the international market again after having stopped exports last year due to a change in installations. Egypt, Iraq and Jordan are amongst the importers from the company, which is the Brazilian leader in the production of carbon paper.
The largest meatpacking group in Brazil is participating in Gulfood, a fair in the food sector that ends today in the United Arab Emirates. According to the company trader, Luis Rota, the Middle East is a priority market. The company shipments to the region grew 100% between 2004 and 2005.
This is the estimate of the Brazilian High-End Furniture Manufacturers Association (Abimad) for contracts to be closed over the coming 12 months. The Abimad organized a fair that ended yesterday and at which some 15 Arab businessmen closed US$ 2 million in deals.
A group of 15 Arab importers is participating in the Brazilian Furniture and High-end Decoration Accessory Fair, which began on Saturday. Businessmen from Jordan, Qatar, Palestine and the United Arab Emirates have already closed deals. Modulus, from Palestine, intends to purchase US$ 50,000 up to the end of today, when the event ends.
The electronic product hub of Santa Rita do Sapucaí, in the southeastern Brazilian state of Minas Gerais, is after investors for projects and guarantees the transfer of technology. The city also offers internships to foreigners. The over 115 industries in the region have a turnover of R$ 800 million a year (around US$ 380 million).
