Brazilian pharma company signed an agreement with the country’s industrial development agency to prospect the market and decide a potential business model.
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President Jair Bolsonaro said discussions with authorities in the Arab country concerned mostly the defense industry, but also food security.
The sons of Mohamed Abed Abdul Jawad, former player of the Saudi national team, have been in Belo Horizonte for two months and are scheduled to play in the U-20 Minas Gerais team championship for Inter de Minas team next year.
The Brazilian state-run oil company’s Institutional Relations director Roberto Ardenghy, who joined a seminar concurrent with president Jair Bolsonaro’s trip to the UAE, also said the company is looking for partners to bid in tenders with.
The Brazilian president arrived in Abu Dhabi, UAE this Saturday, hoping to attract more investment from the region into Brazil.
President Jair Bolsonaro’s visit to the Arab country will mark a step forward, according to the head of Brazil’s diplomatic representation in Abu Dhabi, Fernando Igreja.
The Brazilian brand’s regional partner, Millennial Capital, has announced a business expansion across e-commerce, retail, pharma and salons in the bloc.
The congressman participated in a lunch last Tuesday (15) at the residence of Kuwait’s ambassador to Brasília, Nasser Riden Almotairi.
Fund predicts that global GDP will grow by 3% this year and 3.4% in 2020. Brazil and Saudi Arabia may see a recovery next year.
Foreign Trade, Port Management and Logistics Symposium at Univali in Itajaí, Santa Catarina will feature a lecture by the Arab Chamber on the 17th. Entrance is free.
Brazil’s president is slated to travel to the UAE, Qatar and Saudi Arabia from October 25 to 31. The Ministry of Foreign Affairs said the trip is intended to publicize investment opportunities in Brazil and foster exports.
The Brazilian food company is looking into processing product locally in the Arab country, where 60% of the poultry consumed is industrialized. Saudi Arabia is currently not purchasing product processed by BRF in its UAE facilities.
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.
Poultry exports from Brazil dropped 28% to Saudis and 8% to the United Arab Emirates last September. But sales to Egypt and Bahrain soared.
