Brazil-Saudi investment forum held in Sao Paulo 

  • 8/1/2023
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RIYADH: Saudi Arabia’s Ministry of Investment organized on Monday in Sao Paulo the Brazil-Saudi Investment Forum, with attendance of Brazil’s Vice President and Minister of Development, Industry, and Foreign Trade Geraldo Alckmi and the Kingdom’s Minister of Investment Khalid Al-Falih. The forum saw the signing of 25 agreements between the two countries’ government agencies, and other memorandums of understanding between government agencies and the private sector. Deals were also inked between private sector entities in both countries. The agreements covered the fields of petrochemicals, health, defense, food, real estate, tourism, water desalination and treatment, and agriculture. The forum included presentations on Invest Saudi, a program that aims to promote investment opportunities in Saudi Arabia to the world. The presentations also covered investments in the Kingdom’s special economic zones and Expo 2030 Riyadh, in addition to potential investments in Brazil. Discussions were held on transportation, logistics, mining, food industries, agriculture, health care, sports and entertainment. The forum constitutes an important opportunity for Saudi-Brazilian companies to exchange expertise, discuss opportunities for cooperation and partnership, and review the investment opportunities available in the two countries. The Brazil-Saudi round table meeting will be held tomorrow to discuss investment opportunities and promote investment relations between the two countries, in addition to strengthening efforts to develop economic and investment ties.

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