This is the forecast for the average growth of the economies of the Middle East and North Africa in 2011. Next year, the estimate is for 4.4%, according to the Global Economic Prospects report.
A World Bank survey concluded that global economic growth this year should be slow but more solid than in 2010. Developing countries should grow by 6%.
With the preparation for the World Cup and the Brazilian Olympics, the tendency is for business travels to grow. The forecast by Abracorp is for growth of 15% to 20% this year.
The figure was 9% higher in 2010 than in the previous year. Exports totalled US$ 1.4 billion, and imports reached US$ 4.9 billion.
Revenues from Brazilian exports to the Middle East reached US$ 2.2 billion last year, an increase of 13% compared with 2009. Brazil exported a total of US$ 6.8 billion.
The hotel in Anguilla, a British territory, should be inaugurated in three years.
Cocoa producers from southern Bahia established the first fine chocolate factory from family farming in Brazil. The foreign market is targeted by the group, which plans to produce 450 tonnes a year.
The funds were disbursed from 2005 to 2009, according to a survey by the Institute of Applied Economic Research and the Brazilian Cooperation Agency, linked to the Brazilian foreign ministry.
A farm from Minas Gerais exports 150 tons of atemoya to Canada and Portugal. The company expects 50% in growth in 2011.
The region’s share of Brazilian agribusiness exports has risen from 9% to 10%. Revenues from shipments to the Middle East reached US$ 7.7 billion last year.
In the first week of the month, the flow of foreign exchange recorded a US$ 477 million surplus, whereas the flow of finance reached US$ 3.623 billion.
The volume of petrol traded in the last month of the year totalled 1.966 million cubic metres. This volume exceeds the previous record, for March 2010, by 50,000 cubic metres.
Businessmen from the sector evaluate that Brazilian exports should continue rising this year, even more than imports. Business should be boosted by agricultural and mining commodities.
The Ministry of Agriculture, Livestock and Supply wants to attract foreign funds into Brazilian agribusiness. Countries in the Far East and Middle East, such as Saudi Arabia, are being targeted.
