Last year, the Saudi economy was boosted by private consumption and non-oil investment. According to the IMF, the country is making progress in its diversification efforts. Non-oil GDP is expected to grow by 3.5% in 2024.
Browsing: investments
Saudi Arabia’s Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef met with Arab-Brazilian Chamber International Relations Vice President Mohamad Mourad in Brasília on Thursday (25) and will rely on the institution’s to identify other Saudi industries that could draw interest from Brazilians.
Al Buraimi Industrial City received new investments during the first half of 2024, with 15 projects being implemented. On the borderline with the UAE, the city has grown as a destination for companies.
During the FII Priority, Aloizio Mercadante, President of the Brazilian state development bank BNDES, highlighted Brazil’s green and energy potential, in a bid to attract investments from the Gulf.
At the FII Priority, held in Rio de Janeiro by a Saudi Arabia’s institute, the Brazilian president spoke of the strong partnership between the two countries at BRICS and noted Brazil has plenty of stability to offer.
Mauro Vieira met with Saudi Arabia’s foreign minister Faisal bin Farhan on the sidelines of the BRICS meeting.
Brazilian oil company approved the resumption of operations of plant ANSA, which is located in southern state Paraná and has been mothballed since 2020. Fertilizer production became part of Petrobras’s 2024-2028 strategic guidelines.
Brazil’s agriculture and livestock minister Carlos Fávaro had a meeting with Arab ambassadors on Wednesday (8) in Brasília, when demands for investments and technological cooperation between the regions were discussed. Arab-Brazilian Chamber participated. Fávaro announced agricultural attachés in two more Arab countries.
Reported investments to the Tunisian Investment Authority were up in the first quarter of 2024, compared with the same period in 2023.
The Arab-Brazilian Chamber of Commerce renewed its partnership with the AIM Global Foundation by g a Memorandum of Understanding at a congress on Emirati real estate held in São Paulo.
Saudi Arabia’s Investment minister Khalid Al Falih will participate in a meeting on Monday (31) in São Paulo together with a business delegation from his country. Brazil’s vice president Geraldo Alckmin will participate, too. Registration is open for businesspeople.
In a seminar at the Arab Brazilian Chamber headquarters, a representative of the Brazilian bank spoke about the Riyadh office’s activities and attracting Arab investment to Brazil and Latin America.
BTG Pactual executives will discuss the national and international macroeconomic context regarding investment decisions. The event will take place at the headquarters of the Arab Brazilian Chamber next Tuesday (28). Registration is open.
In Brasília, Arab Brazilian Chamber of Commerce executives reached out to different agencies to coordinate actions for the Syrian population. The country was hit by an earthquake earlier this month.
