{"id":370803,"date":"2024-07-25T16:46:37","date_gmt":"2024-07-25T19:46:37","guid":{"rendered":"https:\/\/anba.com.br\/?p=370803"},"modified":"2024-07-25T16:47:20","modified_gmt":"2024-07-25T19:47:20","slug":"saudi-arabia-wants-brazil-in-its-mining-industry","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/saudi-arabia-wants-brazil-in-its-mining-industry\/","title":{"rendered":"Saudi Arabia wants Brazil in its mining industry"},"content":{"rendered":"\n

S\u00e3o Paulo \u2013 Saudi Arabia seeks to attract Brazilian investors and firms to operate in its mining industry, whose exploration potential could hit USD 2.5-3 trillion. The intention was declared on Thursday (25) by Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef to Arab-Brazilian Chamber of Commerce<\/strong> (ABCC) International Relations Vice President Mohamad Mourad in a meeting in Bras\u00edlia. Alkhorayef is on an official visit to Brazil and has had a series of strategic meetings with representatives of the country\u2019s public and private sector.<\/p>\n\n\n\n

The minister declared to Mourad not just the intention of having Brazilians operating directly in Saudi Arabia\u2019s mining industry but having them as service providers to the industry, too. \u201cWe have a well established [mining] industry,\u201d Mourad told ANBA after the meeting, explaining the Saudi interest due to the Brazilian experience. According to Mourad, Saudi Arabia understands that mining is an industry that could bring forth opportunities for the Brazilian business community.<\/p>\n\n\n

\n
\"Alckmin
Alckmin (C) welcomed the Saudi delegation led by Alkhorayef (2nd from R to L)<\/figcaption><\/figure>\n<\/div>\n\n\n

In the conversation with the ABCC\u2019s international relations VP, however, the minister also said he was open to discover other industries Brazilians could be interested in tapping in Saudi Arabia. \u201cThey want to scope out where the opportunities are, where are Brazil-Saudi synergies to get investments there,\u201d explains Mourad. The Saudi minister\u2019s appointments in Brazil included meetings with representatives from industries as varied as food, immunology and aviation.<\/p>\n\n\n\n

The ABCC promised to aid Saudi Arabia<\/a> in its mission to strike partnerships with Brazilians. The institution will identify industries that could potentially invest in Saudi Arabia. After new remote meetings are held and strategies outline regarding synergistic industries, a seminar is expected to be hosted in the ABCC headquarters in S\u00e3o Paulo for the Saudis to present the Brazilian business community with the leading opportunities that can be found in their country.<\/p>\n\n\n\n

The work is set to be developed by the ABCC in association with Saudi Export-Import Bank (Saudi Exim) and the Sectoral Strategies and Regulations Department of the Ministry of Industry and Mineral Resources of Saudi Arabia. The meeting between Mourad and Alkhorayef was also attended by Saudi Exim CEO Saad AlKhalb and Assistant Deputy Minster for Sectoral Strategies and Regulations Fahad AL Jubairy.<\/p>\n\n\n\n

With Brazil’s vice president<\/strong><\/h2>\n\n\n\n

In addition to the meeting with the ABCC\u2019s vice president, the Saudi minister had a series of other meetings in Brazil and will also visit Chile.<\/p>\n\n\n\n

On Wednesday (24), Bandar Alkhorayef met with Brazilian Vice President and Minister of Development, Industry, Trade, and Services Geraldo Alckmin to explore ways to enhance economic and industrial relations between the two countries, state news agency SPA reported. They discussed attractive opportunities for Brazilian investors and companies in Saudi Arabia’s industrial and mining sectors.<\/p>\n\n\n\n

The meeting, attended by Vice Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer, CEO of the Saudi Export-Import Bank Saad Al-Khalb and Saudi Ambassador to Brazil Dr. Faisal bin Ibrahim Ghulam reviewed promising sectors highlighted by the National Industrial Strategy.<\/p>\n\n\n\n

Butantan, Embraer, JBS<\/strong><\/h2>\n\n\n\n

The minister, who\u2019s also chairman of the manufacturing Vaccines and Vital Medicines Committee, visited Brazil\u2019s Butantan Institute, a global leader in vaccine development and the production of pharmaceutical and biopharmaceutical products, SPA reported. He emphasized that the pharmaceutical and medical device industries are among the most promising industrial sectors highlighted in the Saudi National Industrial Strategy, indicating that Brazil is well-positioned to partner with his country in pharmaceuticals and vaccines.<\/p>\n\n\n\n

Minister Al-Khorayef visited Minerva Foods, one of the world\u2019s largest red meat factories. The Saudi Agricultural and Livestock Investment Company (SALIC) is one of the largest investors in Minerva, holding a stake of 33.8% of the company\u2019s total value.<\/p>\n\n\n\n

The minister also met with the CEO of JBS, which is currently establishing a food factory in Jeddah. The factory is planned to open by the end of this year, SPA reported.<\/p>\n\n\n\n

The minister had meetings at Embraer, too, to discuss cooperation in the aerospace industry and localize it in Saudi Arabia.<\/p>\n\n\n\n

Additionally, Alkhorayef participated in a roundtable meeting organized by the Federation of Industries in the Brazilian state of S\u00e3o Paulo (FIESP) and invited the Brazilian companies to participate in the Future Mineral Forum to learn about the future of the Saudi mining sector and the qualitative opportunities available to investors.<\/p>\n\n\n\n

Investment opportunities in his country were also the topic of a meeting at the Brazilian Trade and Investment Promotion Agency (ApexBrasil).<\/p>\n\n\n\n

Read more:<\/em>
Saudi consultative assembly\u2019s members visit Brazil<\/a>
Alliance against Hunger: Saudi minister vows aid<\/a><\/p>\n\n\n\n

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

Supplied<\/div>
Cadu Gomes\/Brazil\u2019s Vice Presidency<\/div>","protected":false},"excerpt":{"rendered":"

Saudi Arabia\u2019s Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef met with Arab-Brazilian Chamber International Relations Vice President Mohamad Mourad in Bras\u00edlia on Thursday (25) and will rely on the institution’s support to identify other Saudi industries that could draw interest from Brazilians.<\/p>\n","protected":false},"author":1455,"featured_media":370800,"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":[107],"tags":[16353,9534,18437,2028,39679,9595],"class_list":{"0":"post-370803","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-opportunities","8":"tag-abcc","9":"tag-brazil-en","10":"tag-investments-en","11":"tag-mining","12":"tag-mohamad-mourad-en","13":"tag-saudi-arabia-en"},"wps_subtitle":"Saudi Arabia\u2019s Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef met with Arab-Brazilian Chamber International Relations Vice President Mohamad Mourad in Bras\u00edlia on Thursday (25) and will rely on the institution's support to identify other Saudi industries that could draw interest from Brazilians.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/370803","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=370803"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/370803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/370800"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=370803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=370803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=370803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}