BRF Arabia Holding Company has purchased a stake in a Saudi chicken processor for USD 84.3 million. The company says it is establishing itself as a partner in the Arab country’s food security.
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In an article for ANBA, Elaine Prates, a master’s student at Getulio Vargas Foundation and senior institutional relations analyst at the Arab-Brazilian Chamber, shares her insights as a attendant in the Global Logistics Forum in Riyadh and discusses Saudi Arabia’s efforts to become a global trade hub.
The finance minister of the Arab country said the goal is for women to make up 40% of the workforce by the end of the decade.
Talking at the B20 Summit in São Paulo, Abdulrahman Al-Fageeh also said it is possible to extract more chemical residues from plastic raw materials and expand recycling.
Musaab Al Mulla, vice president of energy and economic insights at Saudi Aramco, outlined at the B20 Summit in São Paulo how the company intends to achieve its planned reduction of greenhouse gas emissions. Increased efficiency in energy generation and emissions offsetting are part of the strategy.
Saudi Arabia has opened its market for Brazilian cotton, including raw cotton, cottonseed, and cotton waste. Brazil has become the largest exporter of cotton in the world this year.
Vipal manufactures tire retreading materials, with various nations in the Middle East and North Africa as key markets for its sales.
The Brazilian government announced that Saudi Arabia has authorized exports of these two new products from the national agribusiness, in the wake of two other market openings this year.
The Arab-Brazilian Chamber held a meeting between female leaders from Brazil and members of a Saudi delegation in São Paulo for the B20 Summit. The group shared experiences in business.
The UN COP30 climate summit will be held in Belém, Pará state, in 2025. During a visit to the United Arab Emirates and Saudi Arabia, executives from the Arab-Brazilian Chamber discussed partnerships.
Saudi-led Middle East Green Initiative expanded as 11 new members signed up, including Algeria and Lebanon, as well as the United Kingdom as an observer. The goal is to cooperate regionally in combating climate change.
Brazil’s year-to-date exports to the Middle East and North Africa grossed USD 17.7 billion through September, up 25% from the same period last year. The performance is on track for a new record.
Saudi Arabia’s region hosts mining complexes but still has potential in the sector, according to a Ministry of Industry and Mineral Resources’ spokesman.
The Brazilian Confederation of Agriculture and Livestock (CNA) sent a delegation to the Gulf Green fair in the United Arab Emirates. Businesspeople attended B2Bs, meetings, and seminars. CNA executives proceeded to Saudi Arabia.
