Brazil invites UAE businesses to explore country’s new investment opportunities

Brazil invites UAE businesses to explore country’s new investment opportunities

Jair Bolsonaro, President of Brazil addressing delegates at the Global Business Forum Latin America (GBF) 2022.

The Brazil government has transferred 131 assets to the private sector in the last three years.

Published: Wed 23 Mar 2022, 4:58 PM Last updated: Wed 23 Mar 2022, 5:01 PM

Brazil has vast investment potential for UAE businesses as the country pushes ahead with new strategic policies and projects, said Jair Bolsonaro, President of Brazil as he addressed delegates at the Global Business Forum Latin America (GBF) 2022.

In his virtual speech, Bolsonaro invited UAE companies to invest in Brazil and explore the attractive business opportunities that are emerging across a variety of economic sectors.

Bolsonaro assured delegates that fiscal irresponsibility and spendthrift ways would no longer be problems and barriers to doing business in Brazil, adding that foreign investors can renew their confidence in his country’s economy.

“We are committed to Brazil’s economic openness, comprising a competitive insertion of our country in the new scenario that will mark the post-pandemic world. After all the challenges of the past two years, which have led us to direct a huge amount of resources to prevent a more severe social and economic downturn, Brazil has resumed the path of economic growth.