Special Features
UAE Investors Looking At Favourable Investment Climate In South America As Brazil Sets New FDI Record Of USD 60 Billion In 2011
UAE and other Middle East investors are looking more enthusiastic to expand their portfolio in Brazil after the Brazilian economy established a new national record in foreign direct investments, reaching USD 60 billion from January to November 2011, providing the perfect backdrop to this year’s edition of the “Brazilian Trade Mission to Middle East” that will commence on Wednesday (February 15, 2012) at Al Bustan Rotana Hotel in Dubai.The Brazilian Minister of Development, Industry and Foreign Trade Commerce and the Brazilian Trade and Investment Promotion Agency (Apex-Brasil) will be leading a delegation of 47 Brazilian companies at the two-day conference to discuss trade and investment opportunities with their counterparts from the Middle East. The event will host a seminar titled “Invest In Brazil”, where 15 Brazilian private companies and governmental institutions will present projects in the infrastructure (ports, railroads, energy) and real estate (retail, hotels, logistics) sectors before an audience of potential co-investors and partners from the Middle East.
Mauricio Borges, president of Apex-Brasil said: “Brazil has enjoyed relatively high economic growth rate, which is manifested by the high levels of production, income, employment and foreign investment. According to recent statistics, the country’s middle class has jumped from 35 per cent to 60 per cent of the population over the last decade, which underlines the exemplary economic achievements of the country. The favourable economic conditions have opened lucrative investment opportunities for foreign investors, particularly those from the UAE and across the Middle East who are looking to expand their investment portfolio in South America. The Brazilian Trade and Investment Promotion Agency, in collaboration with key investors from the Middle East and Brazil, is therefore confident that we will have a very productive meeting at this year’s Brazilian Trade Mission to Middle East.”
High-profile investors from the UAE are already actively pursuing various investment projects in Brazil, particularly real estate projects in São Paulo and Rio de Janeiro and in the Brazilian Stock Exchange. Companies from Brazil likewise have been actively investing in the UAE and across the Middle East, including Odebrecht, one of the largest Brazilian companies that was awarded a USD 285 million contract for the construction of the second lane of the Abu Dhabi airport in 2009.
Organized by Apex-Brasil in cooperation with IFP Emirates, the trade mission will gather Brazilian companies from the food, beverages and agribusiness; machinery and equipment; and house and civil construction industries to engage in business roundtables with potential local buyers from the UAE and across the GCC.
