Bilateral trade between UAE and Brazil now worth over USD 3 billion
July 27, 2020- The Arab Brazilian Chamber of Commerce (ABCC) and the Khalifa Industrial Zone Abu Dhabi (KIZAD) are collaborating to host a webinar on Wednesday 29 July 2020 to discuss the changing dynamics of business in a post-COVID-19 world and the opportunities available to Brazilian companies seeking to establish their base of operations in the UAE and other parts of the Middle East.
The online seminar proves to be both timely and strategic as there are now over 10,000 Brazilians living and working in the UAE, as the country has become a natural home away from home for Brazilian companies looking to establish a base of operations and create a presence in the region. In addition, bilateral trade between the two countries is now worth over USD 3 billion and is expected to increase due to the vibrant and strong relations enjoyed by both the UAE and Brazil. The webinar will feature key discussions on the following topics--initiatives driving economic diversification; new opportunities for Brazilian businesses in the Middle East and the UAE and Brazilian and UAE bilateral business and trade.
Rubens Hannun, President, Arab Brazilian Chamber of Commerce, 'We are looking forward to this coming webinar that we are hosting with KIZAD, which ranks high among the most highly preferred cost-efficient locations for businesses to service a potential audience of around 4.5 billion consumers. This event will give us the chance to explore the many opportunities for Brazilian businesses in terms of inbound and outbound investments. The huge amount of confidence placed by Brazilian businesses in the UAE demonstrates the country's leading reputation as an exporting hub--buying and reselling many products to other countries and has now become Brazil's third largest buyer among Arab countries.'
'The UAE is steadily working its way towards presenting attractive investment incentives to step up competitiveness and provide the necessary support for businesses and investors in their move to achieve success and progress,' concluded Hannun.
The business-friendly policies adopted by the Abu Dhabi government has helped position the emirate and the country as a hub for global growth sectors in the GCC region. These sectors include polymers and plastics related industries, structural steel fabrication, primary aluminum production, as well as continuous growing construction industry and a thriving automotive sector serving not only the UAE but the larger MENA region.