LatinNews Daily - 16 November 2021

In brief: Brazil courts investors in UAE

* Brazil’s economy minister Paulo Guedes has told attendees at the ‘Invest in Brazil Forum 2021’ launched in the United Arab Emirates (UAE) that they are the “ideal partner” for Brazil. Guedes highlighted structural reforms in Brazil such as the autonomy of the central bank, a regulatory framework for natural gas and railways, and fiscal triggers, as attractive, noting that “Brazil is now becoming a country for entrepreneurs”. He reminded investors that Brazil and the UAE already have an important investment relationship, with the latter’s sovereign wealth fund Mubadala Investment Company operating the Porto de Açu port complex in Rio de Janeiro state and recently acquiring the majority stake in the operation of the metro in Rio city. He noted that the port of Santos, the country’s largest, will be up for privatisation soon. Guedes is in the UAE as part of a delegation led by President Jair Bolsonaro, which will also visit Bahrain and Qatar. 

End of preview - This article contains approximately 156 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.