At the Invest in Brasil Forum this Monday (15) in the UAE, Brazilian ministers called on Arab business people to invest in projects in the country, especially in infrastructure. Arab Brazilian Chamber president Osmar Chohfi spoke about a new phase in Arab economies.
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For the CEO of Sharjah Investment and Development Authority, the pandemic has made the emirate change its focus. The statement was made during the Amazon Economic Sustainability Forum this Sunday (3) in Dubai.
Indicator points out that investments in May stepped up by 1.6% month on month and 0.5% year on year. Components include purchases of production machinery.
The Emirati fund now controls MetrôRio. The company from Rio de Janeiro was owned by the Invepar group, the majority shareholder of GRU Airport.
Hamad bin Isa Al Khalifa of Bahrain discussed the enhancement of economic relations between the two countries, including through investments.
A new regulatory framework, low interest rates and entrepreneurship are bringing additional investment into the sector, in Brazil and elsewhere. The development of startup businesses hinges on innovation, authenticity, and skilled staff.
Population, continental size and cultural diversity makes Brazil an address for foreign companies that want to franchise.
Executives discussed the topic in webinar held by the office of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) in Dubai.
In wrapping up the Economic Forum Brazil & Arab Countries, Palestine minister of Economy Khaled al-Osaily called upon enterprises to seek out opportunities in technical cooperation and to take advantage of available incentives to venture into Arab and Islamic markets.
The brand’s sole franchise holder in the Arab country announced an EGP 200 million investment towards expansion, despite slumping sales amid the pandemic.
The need to simplify Brazilian law in order to bring in further investment from Arab countries was one of the topics in discussion in an online debate on Thursday (20) hosted by business group LIDE RS. Arab Brazilian Chamber of Commerce president Rubens Hannun was a featured guest.
Governor Romeu Zema conferred online with UAE authorities to discuss investments in the state. Other officials including Brazil’s vice president Hamilton Mourão joined in, as did the mayor of Varginha, Minas Gerais – the city is seeking Arab funding for a technology center.
Additionally, an import substitution program will encourage production by non-nationals in the country.
Brazilian sector stood out amid the economic rebound and during the COVID-19 crisis. Valued exchange and export capacity make Brazilian agribusiness companies more attractive for foreign investors.
