Saudi Arabia’s National Transport and Logistics Strategy aims to increase the contribution of the transport and logistics sector to 10% of the GDP, up from its current rate of 6%.
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The cosmetics company founded in Brazil by an Egyptian prepares to return in full force by the end of 2022.
The Brazilian branch of the US-based company expects to import 100,000 tonnes of phosphate from Saudi Arabia this year. The company also buys lesser amounts of sulfur and monoammonium phosphate from the UAE.
With a low supply of fertilizers from Russia and Belarus, Arab countries can be an alternative for some products, such as nitrogen and phosphate. The bloc, however, does not have a substantial potassium production.
The innovation is part of an action carried out by Brazilian Duck, a sectoral project to promote Brazilian products abroad. Tasting is being held during the show in Dubai.
In addition to expanding to new markets, companies have sought to establish points of sale or plants in the Arab countries. Examples of this are BRF and Tropicool, brands participating with the Arab Brazilian Chamber in Gulfood 2022.
According to the Food Export Council, revenue reached USD 4.1 billion last year. The main products exported were rice, grains, onions, garlic, potatoes, vegetables, fruits, citrus, and peanuts.
A consultancy service estimates a significant increase in gaming and e-sports revenue in the Saudi market by 2030.
The government announced the launch of the Boutique Group, which plans to transform palaces of historical significance into ultra-luxury hotels.
The hotel offers 120 accommodations and several services, such as bathing, food, care, and security. The daily rate costs about USD 100.
The authority seeks to increase the contribution of non-oil exports to the country’s GDP from the current 16% to 50% by 2030.
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.
Trade between Arabs and Brazilians in 2021 reached USD 24.25 billion. The UAE took over as the leading destination for Brazilian products.
The region of AlUla in Saudi Arabia is a citrus fruit producer and will host a festival dedicated to the cultivation of these fruits.
