Brazilian govt organizes mission to the Gulf
03 de novembro de 2017
Special Secretariat of the Investment Partnership Program (PPI) heads the delegation that will visit the UAE, Saudi Arabia, Kuwait, Bahrain and Qatar starting next Sunday (5). The Arab Chamber is taking part in it.
São Paulo – The Brazilian government, through its Special Secretariat of the Investment Partnership Program (PPI), is organizing a mission to five Gulf countries. The delegation will include representatives of organizations, ministries and public bodies and will focus on the attraction of investments to Brazil. The group will visit the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Qatar.
The Arab Brazilian Chamber of Commerce is part of the initiative with its CEO, Michel Alaby, and the Investments director, Daniel Hannun. The mission will be headed by the PPI’s Secretary of Project Coordination, Tarcísio Gomes de Freitas, and will have the presence of representatives from the Ministry of Transportation, Ports and Civil Aviation (MPTA), of the Brazilian Development Bank (BNDES), and of the Brazilian Trade and Investment Promotion Agency (Apex-Brasil).
The mission’s purpose is to present investment opportunities in Brazil to the sovereign funds of the countries being visited. “It’s important to take part in this mission to give support to the partnerships that the government plans to establish with the sovereign funds,” said Alaby to ANBA. The Chamber will help with the presentation of the projects.
The CEO also points out that some Arab countries, such as Qatar, Saudi Arabia and the UAE, already have investments in Brazil, in sectors such as oil, plastic, logistics, agriculture, financial and aviation. “Brazil’s very attractive to them, especially in the transportation infrastructure used to ship the agricultural production,” says Alaby. The country is an important supplier of food products to the Arab countries of the Gulf to be visited by the mission.
The mission starts this Sunday at the UAE and will follow with visits to Saudi Arabia, Bahrain, Kuwait and Qatar. The last day of the mission is November 12. Already scheduled are meetings with representatives from the Emirates Investment Authority (EIA), the Saudi Fund for Development (SFD) and the Bahrain Sovereign Wealth Fund (MUMTALAKAT), among others, according to information from the press office of the PPI’s Special Secretariat.
In addition to Alaby, Hannun and Freitas, are part of the mission the head of the International Advisory of the PPI’s Secretariat, Jean Marcel Fernandes, the director of the Partnership Department of the MPTA, Fábio Luiz Lima de Freitas, and the economist of the Funding and Institutional Relations Department of BNDES, Luís Otávio Reiff.
Representing Apex-Brasil are the Investment Manager, Maria Luisa d’Orey Barreira Cravo Wittenberg, the Investment coordinator, Luiz Carlos Tavares de Carvalho, and the Operations Manager of the agency’s office to the Middle East and North Africa, Karen Jones.
*Translated by Sérgio Kakitani