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12/14/23, 4:29 PM Saudi Arabia To Receive Brazilian Business Mission In March | MENAFN.COM
Co-chairman of Grupo LIDE and former governor of São Paulo, João Doria Junior, who was in
the country with Doria Neto in November, said the local government identified 24 economic

sectors in which Brazil and Saudi Arabia could increase their trade, including food, chemicals,
marketing, communication & events, mining, and financial services, among others. Doria

Junior also said the mission will have 70 participating companies, of which 19 have already
confirmed their presence.

Also at the event was the Private Equity vice president for Brazil of the Saudi Public

Investment Fund (PIF), Guilherme Quintal, who underscored that the Arab country is investing
in its growth and economic transition and supporting companies around the world as a part of

the effort. Of the USD 800 billion in investments managed by the fund, a portion is allocated to
Brazilian companies in sectors such as food and mining.

Former president of Brazil, Michel Temer, said at the event he will participate in the business
mission, recalled that he met with Saudi leaders during his term (2016-2018), and highlighted

the importance of the private sector in increasing commercial ties between the two

countries.“The public sector does not always give the same importance as the private sector
[to boosting commercial exchange]. It is through permanent dialogue that we will strengthen
this relationship,” he said.

The event also had the presence of the chairman of LIDE, Luiz Fernando Furlan; the

president of the Saudi-Brazil Business Council, Mishal ibn Hithlain; and the deputy minister of
Investments of Saudi Arabia for the Americas, Abdulrahman Bakir, the latter two over the

internet.

The conference in Riyadh is expected to include a seminar day on March 3 with panels on
Brazil's aviation and defense, mining, food, and pharmaceutical industries and a bilateral

overview of the energy, infrastructure, and real estate potentials of Brazil and Saudi Arabia.
Companies in the construction, furniture and decoration, food, and defense sectors, among

others, participated in this Tuesday's conference. After the mission to Saudi Arabia from
March 3 to 5, the company representatives will head to Dubai, in the United Arab Emirates,

from March 6 to 8.

Translated by Elúsio Brasileiro

Marcos Carrieri/ANBA يرﯾﯾرﺎﻛ سوﻛرﺎﻣ/ANBA

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