Saudi Arabia and Brazil sign 25 deals at investment forum

Officials from Saudi Arabia and Brazil signed 25 agreements to enhance cooperation across various sectors during an investment forum held in Sao Paulo on Monday.

The agreements, signed between both countries’ government agencies and private sector at the Brazil-Saudi Investment Forum, covered the fields of petrochemicals, health, defense, food, real estate, tourism, water desalination and treatment, and agriculture.

Saudi Arabia’s Minister of Investment Khalid Al-Falih and Brazil’s Vice President and Minister of Development, Industry, and Foreign Trade Geraldo Alckmi attended the forum.

During the event, officials held discussions on transportation, logistics, mining, food industries, agriculture, health care, sports, and entertainment.

The forum presented a platform for Saudi-Brazilian companies to exchange expertise, discuss opportunities for cooperation and partnership, and review the investment opportunities available in the two countries.

A Brazil-Saudi round table meeting will be held on Tuesday to discuss investment opportunities and promote investment relations between the two countries, in addition to strengthening efforts to develop economic and investment ties.