{"id":267456,"date":"2020-02-12T19:01:05","date_gmt":"2020-02-12T22:01:05","guid":{"rendered":"https:\/\/anba.com.br\/?p=267456"},"modified":"2020-02-17T11:23:03","modified_gmt":"2020-02-17T14:23:03","slug":"brazil-transport-company-to-get-usd-500-mn-from-uae-fund","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/brazil-transport-company-to-get-usd-500-mn-from-uae-fund\/","title":{"rendered":"Brazil transport company to get USD 500 mn from UAE fund"},"content":{"rendered":"

Dubai \u2013 The government of the state of S\u00e3o Paulo has announced that the corporate mission to the United Arab Emirates could yield USD 3.2 billion to S\u00e3o Paulo-based companies over the next eighteen months. Via\u00e7\u00e3o Itapemirim alone announced an investment of USD 500 million from one UAE sovereign fund. The company\u2019s president Sidnei Piva (pictured above<\/em>) chose not to report which fund, if Abu Dhabi Investment Authority (ADIA) or Mubadala Investment Company. He closed the deal this Wednesday (12).<\/p>\n

\"\"<\/a>
Governor gave press conference in Dubai<\/em><\/figcaption><\/figure>\n

In an interview with ANBA during the mission\u2019s closing dinner, Piva said that his intention for the trip was seeking out investment to reshape Itapemirim\u2019s fleet and bring back investment to the group\u2019s airline, Ita, which expects to receive its first commercial passenger aircraft in 2022 and operate in the Brazilian market.<\/p>\n

The idea is that the investment brings an influx of passengers from Brazil to the UAE in return. \u201cOur plan is working with all Brazil, especially its regional airports, where we\u2019ll form a large contingent, the largest number of people we can to take to the capital cities in order to allow more people to come not only to the UAE but also go to Europe, North America \u2013 in short, establish a Brazil-UAE hub.\u201d<\/p>\n

Piva said that the investment fund is interested in the transport company for its logistics network. \u201cWe operate in 22 states and have all the logistics necessary not only for a good costumers service but to take air transport to people too. We expect that the return for the fund will reach USD 1.5 billion within five years. It\u2019s a great deal of money for a such small length of time,\u201d he finished.<\/p>\n

Piva\u2019s company also plans on participate in concession auctions of regional airports in the state of S\u00e3o Paulo. \u201cOur goal is acquiring a couple of the lots that the government of S\u00e3o Paulo has just launched (it\u2019ll be 21 regional airports divided in two lots). We plan on working on and prospecting business with the two lots with our international partners, such as the UAE investor, which are offering their financial power to help us,\u201d he said.<\/p>\n

Piva said that he\u2019s happy with the results of the S\u00e3o Paulo government\u2019s corporate mission to the UAE. \u201cI\u2019m glad not just because of the investment but for having been recognized by the fund\u2019s executives, as they know a company that was born 65 years ago, which means you travel half world and is respected. I see a future, and I will support every mission \u2013 the government must put the businessman face to face with the investors, the new markets. The work that Wilson Mello has done in InvestSP is amazing. I believe this all adds up,\u201d he finished.<\/p>\n

Founded by Camilo Cola, Itapemirim was bought by Piva three years ago. The businessman is also chairman at TTrans, a rail transport company, and works in companies in other industries, such as Hewitt Equipamentos, Cruza\u00e7o, and Bom Sinal.<\/p>\n

Evaluation<\/strong><\/p>\n

This Wednesday (12), governor Jo\u00e3o Doria ended the ninth and largest corporate mission of the state of S\u00e3o Paulo to a foreign market. The estimate is that the Arab inputs in the privatization plan in S\u00e3o Paulo reach BRL 30 billion (USD 7 billion) by the end of 2022.<\/p>\n

\u201cIt\u2019s worthy emphasizing the USD 3.2 billion private-to-private investment over the next 18 months that will be put especially in the exports of Brazilian products and services from S\u00e3o Paulo to the Middle East, North Africa, and Asia through Dubai-based trading companies,\u201d the governor said in a press conference.<\/p>\n

\"\"<\/a>
Ambassador Fernando Igreja talked about continuity<\/em><\/figcaption><\/figure>\n

Ambassador<\/strong><\/p>\n

Brazil\u2019s ambassador to Abu Dhabi, Fernando Igreja, talked to ANBA about the results of the state\u2019s government mission. \u201cIt was a very important mission. The governor [Jo\u00e3o Doria]\u2019s visit is a follow-up to all the efforts to bring both countries closer that were made last year and culminated in the president [Jair Bolsonaro]\u2019s visit and the signing of a series of agreements that boost the relations with the federal government,\u201d he said.<\/p>\n

The ambassador described S\u00e3o Paulo\u2019s mission as a follow-up on the federal actions. \u201cThis very significant visit of the governor with a corporate mission is a follow-up on that, showing that this partnership came to stay. Brazil is willing to maintain and further strength these relations. The opening of InvestSP office backs that up, as Apex-Brazil office, the Arab-Brazilian Chamber of Commerce office, and all the work that has been carried out together. For Brazil\u2019s embassy here it was huge success. I hope that more missions will come from other states,\u201d he said. Apex-Brasil is the Brazilian Trade and Investment Promotion Agency.<\/p>\n

Translated by Guilherme Miranda<\/strong><\/p>\n

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

At the end of his mission to the UAE, Doria announced the investment from UAE funds to S\u00e3o Paulo-based companies expected for the next 18 months that resulted from the trip. Via\u00e7\u00e3o Itapemirim closed an investment of USD 500 million.<\/p>\n","protected":false},"author":2305,"featured_media":267462,"comment_status":"closed","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":[91],"tags":[9684,13850,5738,13659,9621,13851,13852,13853,13848,13830,13854],"class_list":{"0":"post-267456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-abu-dhabi-en","9":"tag-adia-en","10":"tag-ambassador-fernando-igreja","11":"tag-doria-en","12":"tag-dubai-en","13":"tag-itapemirim-en","14":"tag-mubadala-en","15":"tag-sidnei-piva-en","16":"tag-sidnei-piva","17":"tag-uae-mission","18":"tag-viacao-itapemirim-en"},"wps_subtitle":"At the end of his mission to the UAE, Doria announced the investment from UAE funds to S\u00e3o Paulo-based companies expected for the next 18 months that resulted from the trip. Via\u00e7\u00e3o Itapemirim closed an investment of USD 500 million.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/267456","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\/2305"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=267456"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/267456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/267462"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=267456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=267456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=267456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}