São Paulo state companies to have structure in Dubai

03 de junho de 2016

Investe SP, an agency from the state’s government, is negotiating with the UAE to open a distribution center for products from São Paulo in the region.

São Paulo – Companies from São Paulo state will soon be able to use a structure for the distribution of products in Dubai, United Arab Emirates. The president of the São Paulo State Investment Promotion Agency (Investe SP), Juan Quirós, met this week with the Arab country’s consul-general in São Paulo, Saleh Ahmed Al Suwaidi, to continue talks on the topic that were started during a trip taken by Quirós to the UAE 45 days ago.

The center, which will be located within the Jebel Ali Free Zone, will provide room for the storage of products and a space for commercial contacts to be made, as Quirós told ANBA. The São Paulo agency is negotiating with Dubai’s government, which should provide the land and the building. The logistics services provided will be charged from the participating companies, but Investe SP’s president said that the prices will be competitive.

A date has not yet been set for operations to start. Investe SP is expecting an answer from Dubai about the land 30 to 60 days from now. Only then will the companies from São Paulo be called. Quirós believes that there is potential in the region for products such as building materials, marble and granite, foodstuff and beverages and medical equipment. The agency’s president believes Embraer will be interested in using the structure.

Juan Quirós would like to bring to the center companies that already export to the Arab world, but says he will reserve from 20% to 25% of the space for new exporters. “We have to work on new companies for this region”, he says. The idea is to have the companies using the center operate in the Middle East countries, including Iran. They can use the local structure to export their products from there to the region’s markets and surrounding areas.

“Dubai has an aptness for exports”, said Investe SP’s president about the selection of the emirate to host the center. According to him, Dubai became a global logistics hub, is very well located and has a strong demand for products. In the trip he took to the UAE, Quirós met with authorities from the Jebel Ali Free Zone and from the Dubai Chamber of Commerce and Industry.

During the trip, Investe SP also discussed having a mission of investors to São Paulo, to get to know projects apt to receive investments. That should occur between August and November of this year. Quirós explained that Investe SP will receive a list of investors’ interests and from that list it will select projects to be presented. This week’s meeting with the UAE’s consul in São Paulo, which resumed talks on these topics, was also attended by Investe SP’s institutional director, Sérgio Costa.

*Translated by Sérgio Kakitani