Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
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Global hospitality giant announced it has begun constructing a luxury property in the rapidly developing region in the Arab country.
Sheikh Meshal al-Ahmad al-Sabah, 83, took over the post after the passing of Sheikh Nawaf al-Ahmad al-Sabah, 86, on Saturday (16).
A Mission organized by LIDE and the Arab-Brazilian Chamber will bring Brazilian and Saudi companies together to promote business and investments.
Total shipments were higher this year compared to 2022. According to the sector lobby, the most significant increases in purchases were from China, Saudi Arabia, South Africa, South Korea, and Mexico.
The coffee shop chain will open new points of sale in the first half of 2024 in Dubai, Saudi Arabia, and Egypt. The company aims to have 1,500 units abroad and 350 in Brazil by 2028, with a total revenue of USD 350 million.
At the closing of the Saudi Arabia-Brazil Roundtable Meeting in Riyadh, the Brazilian president spoke about the potential of bilateral partnerships, energy transition, and social development, among other topics.
The announcement was made by Embraer’s CEO at a seminar this Wednesday afternoon (29) in Riyadh. One of the agreements was with the company FlyNas involving a flying car. Brazilian president Lula spoke at the opening of the event.
At a meeting in Riyadh, the president of Brazil and the crown prince of Saudi Arabia discussed strengthening relations between their countries. The Arab nation’s sovereign wealth fund is expected to invest USD 9 billion in the Brazilian market over the next seven years. The presence of Brazilian companies in Saudi Arabia was also one of the topics.
The Brazilian president will meet with the Saudi crown prince. Ministers accompanying him on the trip met with Saudi authorities and discussed energy, infrastructure, and food security investments.
The World Expo is set to take place from October 2030 to March 2031. Riyadh was chosen on Tuesday (28) over Busan and Rome.
Thirty-plus-years-old Gabriela Lirio became a volleyball player in the Arab country and helped a local team win a silver medal at the Saudi Games.
The ministers of Tourism of both countries met at the 25th General Assembly of the World Tourism Organization, held in Samarkand, Uzbekistan. They aim to increase the flow of visitors and attract investments to Brazil.
The Saudi government launched a company for the development of the Abha Valley, which will feature residential, commercial and tourism areas to attract both local and international visitors.
