Arábia Saudita anuncia $ 10 bilhões em investimentos no Brasil

Saudi Arabia Announces $10 Billion Investment In Brazil

Written by Paulo Nogueira

Published on 29/10/2019 at 17:02

(Osaka – Japão, 29/06/2019) Presidente da República, Jair Bolsonaro, durante encontro Bilateral com o Principe Herdeiro da Arábia Saudita, Mohammed Bin Salman.rFoto: Alan Santos/PR

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The Minister Denied That There Was a Request for Counterpart for Investments from the Saudis and Claimed That the Saudis Want to Access Latin America from Brazil.

Today, the federal government announced that the sovereign fund of Saudi Arabia will invest up to US$ 10 billion in projects in Brazil, about R$ 40 billion at the current exchange rate. The announcement was made by Ministers Onyx Lorenzoni (Civil House) and Ernesto Araújo (Foreign Relations) in Riyadh, the capital of the Arab country. In parallel to the president’s visit to the Emirates, Roberto Ardenghy, Institutional Relations Director of Petrobras, participated in a seminar in Abu Dhabi, where he informed about the state-owned company’s search for buyers for its refineries in the Gulf.

However, no specific investment was announced, nor were dates established for the arrival of the funds, but the trend is that infrastructure and agribusiness projects will take priority.

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Saudi Arabia Announces $10 Billion Investment In Brazil

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Saudi Arabia Announces $10 Billion Investment In Brazil

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Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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