{"id":257330,"date":"2019-09-17T18:30:46","date_gmt":"2019-09-17T21:30:46","guid":{"rendered":"https:\/\/anba.com.br\/?p=257330"},"modified":"2019-09-19T17:11:16","modified_gmt":"2019-09-19T20:11:16","slug":"salic-looks-to-invest-in-logistics-projects-in-brazil","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/salic-looks-to-invest-in-logistics-projects-in-brazil\/","title":{"rendered":"SALIC looks to invest in logistics projects in Brazil"},"content":{"rendered":"

Riyadh \u2013 The Saudi Agricultural and Livestock Investment Company<\/a> (SALIC) is seeking new investment targets in Brazil\u2019s agriculture and logistics industries. So said SALIC managing director Khaled Mohammed Al-Aboodi (top picture) told ANBA this Tuesday (17) following the Brazil-Saudi Arabia Seminar in Riyadh.<\/p>\n

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Brazilians and Saudis came together for seminar<\/figcaption><\/figure>\n

The event took place at the Council of Saudi Chambers, as part of Brazil\u2019s Agriculture, Livestock and Supply minister Tereza Cristina\u2019s ongoing tour of the Arab country. SALIC owns a 32.9% stake in Minerva<\/a>,\u00a0a major Brazilian meat company active locally and elsewhere in Latin America. \u201cWe\u2019re happy because this is good diversification for us,\u201d said Al-Aboodi.<\/p>\n

But the company is considering investing in other fields. \u201cWe are looking some more,\u201d he said. When it comes to agribusiness logistics, he said he\u2019s interested in soy and corn. Al-Aboodi said that Brazil is a target country for SALIC, and that the company is \u201cready for more.\u201d<\/p>\n

The managing director served as moderator for the seminar, which covered subjects including Brazil\u2019s investment needs in agriculture and livestock infrastructure. Minister Tereza Cristina discussed Brazilian projects that require investing and could help address bottlenecks in the offloading of production.<\/p>\n

\u201cBrazil boasts high-yield farming, but some aspects from farm to port detract from our ability to compete at the international level,\u201d the minister said. According to her, Brazil needs international partnerships to overcome the infrastructure challenge.<\/p>\n

The minister went over two projects that will be made available to investors via auctions, and which are under the umbrella of the Special Secretariat of the Partnerships and Investments Program (PPI): the building of railways Ferrogr\u00e3o<\/em> and Ferrovia de Integra\u00e7\u00e3o Oeste-Leste<\/em> (West-East Integration Railway). The PPI oversees priority partnership projects for infrastructure investments, including concessions.<\/p>\n

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Brand\u00e3o (L) and Al-Aboodi: infrastructure<\/figcaption><\/figure>\n

These and other of the PPI\u2019s projects were also discussed by the director of the Program of the Transportation-Roads Coordination Secretariat, Renan Brand\u00e3o. Spanning 933 km, Ferrogr\u00e3o<\/em> will require USD 3.1 billion in investment, and a public consultation is underway regarding its concession. The auction is expected to happen in 2020.<\/p>\n

Also under public consultation at this time, Ferrovia de Integra\u00e7\u00e3o Oeste-Leste<\/em> will link up Brazil\u2019s western areas and its eastern seaports and will be a key outlet for carrying ores and grains. Its first phase of construction is expected to require USD 805 million. according to Brand\u00e3o, these railways will create a new path for exports, and drastically cut logistics costs.<\/p>\n

Minister Cristina also focused on roads, which are an important outlet for Brazilian agricultural production. According to her, road concessions are expected to double in years to come. PPI projects provide for over 16,000 km in concessions going on auction through 2022.<\/p>\n

She also said opportunities are available in Brazil in forest products, aquaculture and horticulture. She made clear that the country is interested in more Saudi investment. \u201cConsidering that Saudi Arabia is a major global investor and that Brazil has ranked among the leading foreign investment targets for years no, I believe there\u2019s a huge potential for us to work together,\u201d she said.<\/p>\n

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Mansour spoke of taking bilateral relations to the next level<\/figcaption><\/figure>\n

The seminar was attended by Brazilian and Saudi businesspersons and delegates. Arab Brazilian Chamber of Commerce<\/strong><\/a> secretary-general Tamer Mansour said during the seminar that Brazil and Saudi Arabia must take their relations to the next level. He said that the opportunities are in place, and they include Brazil making Saudi Arabia a hub from which to supply goods to the region. Mansour said Brazil is very \u201clucky\u201d to have Saudi Arabia as a partner.<\/p>\n

The Arab Brazilian Chamber secretary-general explained the organization\u2019s work in building rapport and connecting Arab and Brazilian businesspersons. Karen Jones, COO of the Dubai-based Middle East and North Africa Office of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil<\/a>), was also a speaker at the seminar. She discussed the office\u2019s trade- and investment-oriented work.<\/p>\n

Brazilian speakers also included Brazilian Confederation of Agriculture and Livestock (CNA<\/a>) International Relations superintendent, L\u00edgia Dutra Silva, and Brazilian Animal Protein Association (ABPA<\/a>) CEO Ricardo Santin.<\/p>\n

Translated by Gabriel Pomerancblum<\/strong><\/p>\n

 <\/p>\n

Isaura Daniel\/ANBA<\/div>\n
Isaura Daniel\/ANBA<\/div>\n
Isaura Daniel\/ANBA<\/div>\n
Isaura Daniel\/ANBA<\/div>\n","protected":false},"excerpt":{"rendered":"

An executive with the Saudi investment company said he\u2019s 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.<\/p>\n","protected":false},"author":1455,"featured_media":257337,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[102],"tags":[11397,9595,10584],"class_list":{"0":"post-257330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-agribusiness","8":"tag-salic-en","9":"tag-saudi-arabia-en","10":"tag-tereza-cristina-en"},"wps_subtitle":"An executive with the Saudi investment company said he\u2019s 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. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/257330","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\/1455"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=257330"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/257330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/257337"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=257330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=257330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=257330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}