Brazilian company announced the signing of a memorandum of understanding with Saudi Arabia’s Public Investment Fund to create a joint venture in the Gulf country.
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In addition to offering joint venture opportunities with Arab companies, the Khalifa Industrial Zone Abu Dhabi offers tailor-made investment plans to attract Brazilian companies to the UAE.
The plane makers will enter into a joint venture comprising all of the Brazilian company’s commercial aviation operations. The US-based company will retain an 80% stake in the USD 4.7 billion deal.