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Brazil Property News: Brazilian strengthens its profile in Arab world
5th February 2008 11:43
The Brazilian government has pledged its intent to strengthen the nation's profile in the Arab world – a move that could be good news for those thinking of investing in the nation.
Brazil's secretary of foreign relations in agribusiness, Célio Porto, will fly to Dubai and Saudi Arabia this month to continue the campaign.
Mr Porto told Brazilian-Arab news agency ANBA: "The Middle East is the regional block to which our exports grew the most, and we detected the need for closer relations."
Agribusiness accounts for 66 per cent of Brazilian exports to the Arab world and shipments in this sector were worth a total of $4.6 billion (£2.3 billion) in 2007.
Mr Porto added: "The minister of agriculture should visit countries that our in our list of priorities, such as Saudi Arabia and Iran, and will also head to Egypt and Algeria."
In 2003 Brazil was named as one of the Bric (Brazil, Russia, India and China) economies by global property experts Knight Frank.
The report predicted that by 2050 the economies of these four emerging markets would cumulatively eclipse the economies the of the world's current wealthiest nations.
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