During a seminar at the Arab Brazilian Chamber of Commerce, Saudi authorities told Brazilian executives about their country’s market, stressing that incentives are in place for industrial enterprises looking to move in.
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Forecast is that the country will harvest 4 million tonnes of white rice this year, up 48% from a year ago and higher than domestic demand.
The Arab Brazilian Chamber of Commerce is fostering deal-making at the world’s premier food industry show, taking place through next Wednesday in Cologne, Germany.
Foreign sales declined 7.1% year-on-year and 0.2% from August, Anfavea reported.
The Arab country’s economy grew 0.84% in the second quarter of this year, despite weaker oil industry performance.
An Arab Brazilian Chamber of Commerce event will explore an industry that grows 5% per year and is deemed strategic by the Arab country’s government, with an expected USD 71 billion in investment through 2020.
Poultry exports from Brazil dropped 28% to Saudis and 8% to the United Arab Emirates last September. But sales to Egypt and Bahrain soared.
The indicator from the National Confederation of Industry climbed in Q2 from Q1.
The event runs from October 5 to 8 at São Paulo exhibition center Parque Anhembi. The Arab Brazilian Chamber of Commerce’s secretary-general will join a discussion on Saturday on Middle East and North Africa business opportunities.
The organization’s stand at world’s biggest food industry show will be a meeting point for Arab and Brazilian businesspeople attending the event. It will also feature food company Arbaza.
The president of the Arab Brazilian Chamber of Commerce took part in a conference hosted by Brazil’s Federal Administration Council this Wednesday in Palmas, Tocantins.
Volume reached 3.828 million barrels of oil equivalent per day in August, almost 3 million being in oil only.
The organization’s secretary-general Tamer Mansour gave a lecture at the industry syndicate in Birigui, São Paulo. He discussed an economic forum due next year and a showroom in the Middle East.
Brazil ran a USD 2.2 billion surplus last month as exports cooled off and imports climbed, prompting the government to revise its yearlong estimate.

