The Arab-Brazilian Chamber of Commerce and ApexBrasil initiative will organize new activities to promote products made in Brazil following the principles of Islam and train companies throughout 2024.
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A memorandum of understanding was signed on the sidelines of the Future Mineral Forum with the Royal Commission for Jubail and Yanbu, the region where an iron ore briquettes project will be implemented.
Divinut, a nut company based in Brazil, shipped 18 tonnes of pecans to the Saudis in November and, in late December, sent its first container to Egypt with 21 tonnes.
According to the sector lobby, sales to both countries grew from the same month in 2022. Brazil’s poultry exports increased by 6.6% in 2023.
Final installment of deal agreed in 2018 was transferred to Amman aiming to bolster Jordan’s economy.
Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
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.
