The announcement came in the wake of a meeting between president Jair Bolsonaro and Saudi Arabian crown prince Mohammed Bin Salman.
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President Jair Bolsonaro said discussions with authorities in the Arab country concerned mostly the defense industry, but also food security.
The deal was entered into during president Jair Bolsonaro’s trip to Doha. Food security and soccer were also on the agenda.
The sons of Mohamed Abed Abdul Jawad, former player of the Saudi national team, have been in Belo Horizonte for two months and are scheduled to play in the U-20 Minas Gerais team championship for Inter de Minas team next year.
The Brazilian state-run oil company’s Institutional Relations director Roberto Ardenghy, who joined a seminar concurrent with president Jair Bolsonaro’s trip to the UAE, also said the company is looking for partners to bid in tenders with.
The Brazilian president arrived in Abu Dhabi, UAE this Saturday, hoping to attract more investment from the region into Brazil.
President Jair Bolsonaro’s visit to the Arab country will mark a step forward, according to the head of Brazil’s diplomatic representation in Abu Dhabi, Fernando Igreja.
The congressman participated in a lunch last Tuesday (15) at the residence of Kuwait’s ambassador to Brasília, Nasser Riden Almotairi.
Fund predicts that global GDP will grow by 3% this year and 3.4% in 2020. Brazil and Saudi Arabia may see a recovery next year.
Foreign Trade, Port Management and Logistics Symposium at Univali in Itajaí, Santa Catarina will feature a lecture by the Arab Chamber on the 17th. Entrance is free.
Brazil’s president is slated to travel to the UAE, Qatar and Saudi Arabia from October 25 to 31. The Ministry of Foreign Affairs said the trip is intended to publicize investment opportunities in Brazil and foster exports.
The country grossed USD 65.4 billion in revenue, with expenditure reaching USD 48 billion from January to March, leading to a USD 7.4 billion surplus.
Marcelo Della Nina presented his credentials on Sunday at the Al-Yamamah Palace, in Riyadh.
A poll by Ernst & Young shows that 33% of 2,700 respondents from medium-sized businesses envision strong expansion this year.
