Brazil Trade Middle East records millions in deals
Inaugural event prompts $52 million worth of deals
The first ever edition of Brazil Trade Middle East recorded US $52 million in deals either closed during the event or to be consummated within the next 12 months.
The event — which was organised by the Brazilian Trade and Investment Promotion Agency (Apex Brazil) and ran from May 9-11 at the InterContinental Hotel Dubai Festival City — saw around 560 business meetings held over three days.
The event was inaugurated by the Brazilian Ambassador to the Middle East, His Excellency Raul Campos e Castro.
Commenting on the event, Apex-Brazil business director Mauricio Borges noted: “Brazil Trade Middle East underscored the need to heighten trade relations between Brazil and the Arab region, especially as we are witnessing signs of a steady shift towards global economic recovery.
“From 2003 to 2009, the trade flow between Brazil and the group of countries comprising Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Jordan, Syria and Lebanon jumped from US $2.54 billion to US $6.89 billion.
“Brazil Trade Middle East provides an opportunity for us to not only further strengthen our commercial ties with this part of the world but also to fully express our appreciation for the support of our Arab partners,” he asserted.