News

Arab Chamber deal paves way for new opportunities

15 de setembro de 2017

São Paulo – The Arab Brazilian Chamber of Commerce entered into a partnership agreement this Friday (15) with the Annual Investment Meeting (AIM) whereby the former’s member companies will get access to the latter’s online deal-making platform. The AIM takes place every year in Dubai, the United Arab Emirates. It also supports its partners in trade and investment.

The deal was signed on to by Arab Chamber president Rubens Hannun and AIM director general Walid Farghal. Farghal visited the Arab Chamber premises in São Paulo, where he was welcomed by Hannun, by CEO Michel Alaby and Investment director Daniel Hannun. Besides signing the agreement, Farghal told the Arab Chamber executives about the meeting slated for next April in Dubai.

“The platform yields opportunities all year round, beginning right now,” the Arab Chamber president said. Chamber member companies can find opportunities in Arab countries and elsewhere via the online platform. “Every agreement that we enter into means we are partners not only for the event, but all year long,” Farghal told ANBA.

The deal provides that AIM will arrange meetings for Arab Chamber members with executives from the UAE, whereas the Chamber will advertise AIM’s annual meeting in Brazil, among other things. Director general Farghal explained that AIM is available to help the Chamber find partners and liaisons in the UAE, as well as in other countries it may venture into.

Hannun confirmed that the Arab Brazilian Chamber will take part in the April 2018 meeting. The event comprises different activities and areas, including exhibition space and workshops. Agencies, corporate and government entities from the Brazilian states of São Paulo, Foz do Iguaçu, Rio de Janeiro, Paraná and the Federal District have also confirmed their attendance.

The Annual Investment Meeting will run from April 9 to 11. It is held by the UAE Ministry of Economy to foster investment amid emerging countries. The last edition featured 141 countries in the developing world as well as Europe, the United States and Japan. The bulk of attendees were from the Middle East and Africa, with Latin America accounting for 3% to 4%.

Exhibiting companies are required to have a plan to attract investors. Most exhibitors are private concerns, but government officials, chambers of commerce and government investment agencies are usually present as well. According to Farghal, Brazilian companies can explore business opportunities, join partners in other countries, find investors and export deals.

“There are plenty of opportunities. They are very open to deals of any kind, and with any country,” said Daniel Hannun. The Arab Chamber Investment director says this means new opportunities not only to those looking to export or import, but to those looking to raise funds, find partners around the world or expand their business. “There’s a complementarity of interests right now, as Brazil looks to Arab funds as strong investors and they look at a Brazil as a place in which to invest,” Rubens Hannun said.

At the meeting with Arab Chamber C-level executives, Farghal also pointed out that Dubai is in the lead-up to hosting Expo 2020. Contracts are expected to amount to USD 100 billion, and 85% of that amount is still up for grabs, the executive said.

Quick facts

Annual Investment Meeting
April 9 to 11 at the Dubai World Trade Centre
Phone: 00 971 4 392-3232
Email: info@aimcongress.com
Find out more: www.aimcongress.com

*Translated by Gabriel Pomerancblum