Brazil Property News: Egyptian firm invests in Brazil




15th August 2008 07:00


Those interested in property for sale in Brazil could be interested to hear the Latin American nation has attracted more investment from abroad, it has been reported.

Egyptian firm Electrometer has invested $5 million (£2.5 million) in its first joint venture in Brazil with Damp Electric from the state of Minas Gerais, according to the ANBA.

The Arab organisation, which is a maker of electricity meters, has linked up with the electrical project engineering company.

Assem El Shafei, director of the new branch, said they chose Brazil because of its emerging digital technology market.

"Brazil has 60 million consumers of this product. We have a very great potential. In Brazil we are going to produce all that the market demands," he added.

The International Monetary Fund's World Economic Outlook: Housing and the Business Cycle 2008 report, found that growth boomed in Brazil last year.

It predicts the Latin American nation will enjoy growth of 4.4 per cent this year and 3.6 per cent in 2009.


Share & save this story: 
Digg iconDelicious iconReddit iconFark iconYahoo! iconNewsvine! icon

Related News



News Archive


How to invest in Brazilian property

When it comes to property investment, the early bird really does catch the worm.


uv10s web site is designed to help and will provide you with the following invaluable information:



To know more, and have the chance to be one of the first to invest in this exciting and dynamic market, fill out our online form and we'll be in touch to answer all your questions.



Name:
Email:
Phone:
Your message: