On a visit to the Arab Brazilian Chamber, a delegation from the Saudi federation spoke about business possibilities in the private sector in both countries.
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Saudi Arabia earned USD 22.8 billion from international oil sales in December. The commodity accounted for 79% of the country’s exports.
The Saudi Ports Authority announced a shipping line connecting Jubail Commercial Port with six international ports.
The Pangeos ‘terayacht’ is a projected floating city with a capacity for up to 60,000 people with accommodations, shopping malls, and helipads. The superyacht would be able to sail around the world nonstop, equipped with electric engines and solar panels.
State-owned energy major had a market cap of USD 2.43 on Wednesday (11), surpassing Apple, whose shares dropped.
This year Eid Al-Adha takes place on July 20. Some countries, especially in the Gulf, declared a holiday from July 19 to 22. Pilgrimage to Mecca (Hajj) is limited to Saudis and residents. Mosques are open but with distancing and reduced capacity.
Brazil’s Coffee Exporters Council (Cecafé) is looking to replicate, in the Arab country, its ongoing marketing work in China. Plans including working with the federal government to join trade shows and B2B events in the second half of 2021.
The Saudi Social Development Bank (SDB) reached cooperation agreements with tech companies this week to help family-run enterprises put together online stores.
The Gulf nation created a Women’s Department at the Ministry of Justice to encourage females to join the sector.
Despite record-high exports from Brazil last year, the Arab bloc’s imports of the product were down 40%. However, the market expects global consumption to go up by 3% a year.
Crown prince Mohammed bin Salman said USD 3 trillion of those investments would be in new projects as part of opportunities offered by the Vision 2030 reform program.
The calendar has been revised due to the pandemic, and the Arab country will host the season opener on March 28.
Users will be able to access the internet for up to two hours a day.
The Gulf country’s purchases were a highlight in foreign sales of chicken during October at 44,900 tons imported.
