Arab Brazilian Chamber highlights investment prospects in Brazil

Dubai: Arab Brazilian Chamber of Commerce (ABCC) and the Brazilian Export and Investment Promotion Agency (Apex) conducted presentations on Tuesday focusing on the strategic importance of Brazil as a Middle East trade partner during a special forum held at The H Hotel in Dubai.

Organized by Corporate Publishing International (CPI) Dubai’s Trade and Export Middle East Magazine and supported by Dubai Exports, the forum featured Michel Alaby, CEO of the Arab Brazilian Chamber; Sidney Alves Costa, Representative for the Middle East, Apex-Brasil, and other key personalities from the government and the private sector in the Middle East and Brazil to discuss ideas and facilitate networking activities with representatives from the trading community.

“The Middle East and Brazil have maintained strong trade relations over the years, creating lucrative investment opportunities for businesses and entrepreneurs from both sides. Moreover, an increasing number of Middle Eastern and Brazilian companies are actively seeking advice from the Arab-Brazilian Chamber of Commerce about potential business opportunities. This forum served as a consolidating platform that gathered businesses from the Middle East and Brazil to jointly discuss new possibilities to promote mutual business growth and explore opportunities to establish strategic alliances,” said Michel Alaby, Director-General of the Arab Brazilian Chamber.

Other speakers at the forum were Eng. Saed Al Awadi, Chief Executive Officer, Dubai Exports; Ambassador Joao de Mendonca Lima, Ambassador of Brazil; David McGee, Global Trade Manager – Large Corporations, HSBC, UAE; Robert Siegel, Vice President Cargo Commercial Operations Europe ‘&’ Americas, Emirates SkyCargo; and Carlos Machado, Representative of Banco do Brasil S.A. – MENA, Turkey and India.

The Arab-Brazilian Chamber of Commerce has been established to consolidate and expand partnerships, generate opportunities and bring Arabs and Brazilians together. It has been in operation for more than 60 years, playing an active role in boosting economic, cultural and tourism activities, and facilitating the flow of information between Arabs and Brazilians.

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