The Brazilian Minister of Finance discussed his country’s economy during his speech at the IMF conference in Saudi Arabia, where he also held meetings with local ministers to discuss investments, trade, and cooperation.
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The finance minister will travel to Saudi Arabia and the UAE on Friday (14) for a schedule that includes meetings with local ministers and participation in an IMF conference.
The real estate sector recorded sales equivalent to USD 10.8 billion last year, a 48% increase compared to 2023.
According to Brazil’s Mines and Energy Minister Alexandre Silveira, mining company Ma’aden plans an estimated USD 1.3 billion in Brazil. President Lula invites the Saudi prince to visit the country.
Brazil’s President Luiz Inácio Lula da Silva met with the CEO of the Abu Dhabi Investment Group, Zayed Bin Aweidha, on Wednesday (27) in Brasília. The meeting primarily focused on discussions about investments.
Representatives of the institution met with Brazil’s ambassador to the Arab country, Paulino Neto, and the Arab League. Support for initiatives from the 22 Arab countries and participation in a forum in Brazil were key topics of the meetings.
In an article sent to ANBA, Ambassador Ahmed Swar, charge d’affaires of the Sudanese Embassy in Brasília, provides an overview of his country’s history leading to the development of its current economic activities and invites Brazilian investors to enter the Sudanese market.
The research institution TRENDS Research & Advisory from the United Arab Emirates hosted a symposium within the Brazil Africa Forum in São Paulo. In an interview with ANBA, senior researcher AbdulAziz Al Shehhi highlighted the role that Brazil and the UAE play as investors and supporters of Africa.
In partnership with a local businessman, the hair products company will have showrooms and beauty salons in the city of Sousse.
King Abdulaziz City for Science and Technology (KACST) is looking for young companies in the technology, sustainability, and space sectors to develop research in labs in Saudi Arabia.
Brazilian Foreign Minister Mauro Vieira met with Omani ministers in Muscat on Sunday (8), marking the 50th anniversary of diplomatic relations between the two countries. Investments, energy, agriculture, and COP30 were among the topics discussed in the meetings.
Last year, the Saudi economy was boosted by private consumption and non-oil investment. According to the IMF, the country is making progress in its diversification efforts. Non-oil GDP is expected to grow by 3.5% in 2024.
Saudi Arabia’s Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef met with Arab-Brazilian Chamber International Relations Vice President Mohamad Mourad in Brasília on Thursday (25) and will rely on the institution’s support to identify other Saudi industries that could draw interest from Brazilians.
Al Buraimi Industrial City received new investments during the first half of 2024, with 15 projects being implemented. On the borderline with the UAE, the city has grown as a destination for companies.
