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.
A study shows that out of total investment in the continent, only 13% comes from African countries. Egypt, Morocco, South Africa and Nigeria are among those that invest the most in the region.
The sum of dollar inflow and outflow in Brazil posted a surplus of more than US$ 1 billion in June. So far this year, the surplus has reached nearly US$ 2 billion, according to the Central Bank.
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.
One of the main challenges facing the new Brazilian ambassador to Algiers, Henrique Sardinha Pinto, will be to even the trade balance, which is traditionally unfavourable to Brazil.
Brazil exported 132,000 tonnes in June, a sales volume 9% higher than in the same month of last year. Egypt and Algeria are among the leading target markets.
This Friday (10th), Ilsa Brasil will inaugurate a factory in the municipality of Portão, state of Rio Grande do Sul, to make nitrogenated fertilizer from residue of the tanning and shoe industries.
The Brazilian state-owned manufacturer made 96 deliveries by the end of June this year, being 56 in the second quarter. A business jet was delivered in Abu Dhabi during the period.
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 government has cut the cost of several goods on supermarket shelves, including beef and chicken from Brazil. The country will also increase its inventories of commodities in July and August.
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.
In the first half of the year, 1.44 billion units were sold in Brazil, representing growth of 3% over the same period of last year.
In order to expand Brazilian shoe exports, the Brazilian Association of Shoe Manufacturers (Abicalçados) has invited 19 international companies, among them Saudi and Kuwaiti ones, to the fair.
Brazilian representatives at 23 different countries, among them the Emirates and Saudi Arabia, are part of a program of the Ministry of Agriculture for promoting the agricultural sector abroad.
