An Arab Brazilian Chamber of Commerce event will explore an industry that grows 5% per year and is deemed strategic by the Arab country’s government, with an expected USD 71 billion in investment through 2020.
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Poultry exports from Brazil dropped 28% to Saudis and 8% to the United Arab Emirates last September. But sales to Egypt and Bahrain soared.
Ernesto Araújo had meetings with the secretary-general of the Arab League and with Kuwaiti, Saudi Arabian and Lebanese ministers.
Six of the region’s economies are among the top 20 improvers in the World Bank’s ease of doing business list: Bahrain, Djibouti, Jordan, Kuwait, Qatar and Saudi Arabia.
Price index recorded a year-on-year 1.1% decrease.
President Jair Bolsonaro will travel to Saudi Arabia and the United Arab Emirates, as well as China, from October 24 to 30, according to Apex-Brasil. The agency invites Brazilian businesspeople to join the business meetings that will occur in parallel to the visits.
Brazil’s Agriculture minister Tereza Cristina agreed on inspection by Saudi authorities that may lead to a resumption of sales from units that have been off the list since January. She also went over the last details before Brazilian beef sales to Kuwait begin anew.
An executive with the Saudi investment company said he’s ready to step up investments in Brazil, possibly in agribusiness, soy and corn. He spoke with ANBA after a seminar attended by minister Tereza Cristina in Riyadh.
The secretary-general of the Council of Arab Chambers believes companies in Brazil and Saudi Arabia must work in closer connection as their governments build tighter relations.
Application for licenses entertainment business and activity licenses has been made easier with a new online system. The purpose is to encourage investment.
Industry representatives are hoping to take advantage of chicken sales to ship more product to markets including the Middle East.
First game of Handball Taubaté at the world championship in men’s handball will be played against the local club Al Wehda this Wednesday at 12:15 pm (local time). Tournament runs in the city of Dammam from August 27 to 31.
Sales from Brazil to the region fetched USD 892 million in July. Saudi Arabia, Egypt, and the United Arab Emirates are some of the leading buyers.
The unit in Carambeí, Paraná will resume activities in early September. It used to ship some 6,500 tons of poultry items to Saudi Arabia each month.
