S\u00e3o Paulo \u2013 Yahsat, a satellite broadband services operator based in the United Arab Emirates, will invest BRL 227.5 million (USD 68.59 million) to build a storage and distribution center in Curitiba (PR). Even though the office of the company\u2019s Brazilian arm is in Rio de Janeiro (RJ), the company has chosen to run its operation out of Paran\u00e1 state.<\/p>\n
\u201cParan\u00e1 was chosen for being strategic from a logistics, transparency and professional skill-level point of view. And the state government\u2019s program, with the tax benefit via ICMS, simplifies greatly our business,\u201d said M\u00e1rcio Tiago, Yahsat\u2019s president in Brazil, to news outlet Ag\u00eancia de Not\u00edcias do Paran\u00e1.<\/p>\n
The tax benefits to the UAE company, which is owned by Abu Dhabi-based investment fund Mubadala, were granted via the program Programa Paran\u00e1 Competitivo, from Ag\u00eancia Paran\u00e1 de Desenvolvimento. Adalberto Netto, the agency\u2019s CEO, told ANBA that the Middle East and North Africa region merits considerable attention from the investment promotion government body.<\/p>\n
\u201cThis should be the first of many agreements,\u201d said Netto, who attended, last week, the Annual Investment Meeting (AIM), an event that gathered corporate and government leadership from across the world in Dubai. According to him, Paran\u00e1 Desenvolvimento diagnosed that, in the last few years, most of the projects announced in Brazil came from Asian countries, which made the agency turns its focus to the region. \u201cThe Gulf countries are in our radar.\u201d<\/p>\n
Netto said that he has attended the last three editions of the AIM, always as a speaker in a panel. The CEO hopes, in the future, to sign an agreement with the Abu Dhabi Investment Company (Invest AD), bringing the Paran\u00e1 agency closer to its counterpart in the emirate. \u201cThe conditions of our partnership are still being discussed. I\u2019m very optimistic,\u201d he said.<\/p>\n
Yahsat<\/strong><\/p>\n Expecting to launch its services in the year\u2019s second half, Yahsat is planning to reach remote areas that still have precarious internet services. Its sales strategy will be door-to-door, with over 3,000 licensed salespersons. The satellite band used by the UAE company allows for connections of up to 18 MB at a low cost.<\/p>\n Yahsat offers broadband and connectivity solutions to over 140 countries in the Middle East, Africa, Europe and some Asian regions.<\/p>\n Translated by S\u00e9rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Satellite broadband services operator from UAE will operate out of Curitiba. Tax benefits and logistics were key in choosing the state.<\/p>\n","protected":false},"author":2299,"featured_media":160242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[2071,2077,2070,2069],"class_list":{"0":"post-160251","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-agencia-parana-de-desenvolvimento","9":"tag-competitive-parana","10":"tag-parana","11":"tag-yahsat"},"wps_subtitle":"Satellite broadband services operator from UAE will operate out of Curitiba. Tax benefits and logistics were key in choosing the state.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/160251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2299"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=160251"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/160251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/160242"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=160251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=160251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=160251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}