Gov’t says Arabs are interested in bidding rounds

06 de novembro de 2017

São Paulo – The mission to the Gulf Arab countries organized by the Brazilian federal government’s Special Secretariat of the Investment Partnership Program (PPI) visited the United Arab Emirates this Sunday (5) and Monday (6) and its members met with representatives from sovereign funds and other organizations in Abu Dhabi and Dubai. “We had meetings with some of the main funds [of the country] and opportunities for these funds to invest in Brazilian assets were identified,” said PPI’s secretary of Project Coordination, Tarcísio Gomes de Freitas, by phone to ANBA. He heads the delegation.

In Abu Dhabi, the Brazilian group met with executives from the sovereign funds Emirates Investment Authority (EIA), Abu Dhabi Investment Authority (ADIA) and Abu Dhabi Investment Council (ADIC), and from holding company Mubadala. In Dubai, the meetings were with port operator DP World, the Jebel Ali Free Zone (JAFZA) and the holding company Investment Corporation of Dubai.

“The meetings left us very excited. If there’s a continuity of this work, it’s probable that some of these funds will participate in our auctions, by themselves or in consortiums,” said Freitas, pointing out that the meetings are “a first contact,” but that some of these organizations that they visited “already have Brazilian assets on their radar.”

According to him, the work will go on with the exchange of information about auctions, bidding rounds and other investment opportunities in Brazil, and the government has the support of the Arab Brazilian Chamber of Commerce in this relationship with the funds and other Arab organizations. The Arab Chamber’s CEO, Michel Alaby, and Investments director, Daniel Hannun, are taking part in the mission. “It’s necessary for them to have all the information to take part in the auctions,” said Freitas.

According to the secretary, the funds showed interest in projects of the energy sector, such as the possible privatization of Eletrobras, the bidding rounds of transmission lines in December of this year and the sales of six power distributors early in 2018.

They showed interest also in the food security sector, especially through investments in projects for the expansion of the infrastructure for the transportation of grains, such as railways and port terminals.

“The visit to the United Arab Emirates exceeded expectations, there’s a desire [for investment opportunities], there’s a clear interest and doors were open,” said Freitas.

The Brazilian delegation also includes representatives from the Ministry of Transportation, from the Brazilian Development Bank (BNDES) and from the Brazilian Trade and Investment Promotion Agency (Apex-Brasil). This Tuesday (7) the group will visit Saudi Arabia, before heading to Bahrain, Kuwait and Qatar.

*Translated by Sérgio Kakitani