A study by the Arab-Brazilian Chamber indicates that Brazil has opportunities to explore in the mineral products market in Arab countries, as it possesses iron ore, niobium, bauxite, manganese, gold, nickel, among others.
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Ahmad Mohammed Ali Mohamed Alshebani meets with the institution’s president, Osmar Chohfi, and secretary-general, Mohamad Mourad.
The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.
A memorandum of understanding was signed on the sidelines of the Future Mineral Forum with the Royal Commission for Jubail and Yanbu, the region where an iron ore briquettes project will be implemented.
Saudi Arabia’s Public Investment Fund deployed USD 31.6 billion across deals in various countries, including Brazil.
The Brazilian mining company plans to sell four million tonnes of iron ore agglomerates yearly to the Saudi Arabian Green Steel Arabia project.
The Brazilian company signed memorandums in Saudi Arabia, the United Arab Emirates and Oman to study implementing hubs focused on low-carbon steelmaking products.
