Bilateral trade between the two countries is now worth over US$ 3bn
The Arab Brazilian Chamber of Commerce (ABCC) and the Khalifa Industrial Zone Abu Dhabi (KIZAD) collaboratively hosted a webinar recently 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 Middle East.
The online webinar proves to be both timely and strategic as there are now over 10,000 Brazilians living and working in the UAE. Several Brazilian companies are looking to establish a base of operations and create a presence in the region.
Bilateral trade between the two countries is now worth over US$ 3bn and is expected to increase due to the vibrant and strong relations between the two countries.
The webinar featured key discussions on driving economic diversification, new opportunities for Brazilian businesses in the Middle East and the UAE and Brazilian and UAE bilateral business and trade.
“KIZAD is one of the most highly preferred cost-efficient locations for businesses to service a potential audience of around 4.5bn consumers, gave us the chance to explore the many opportunities for Brazilian businesses in terms of inbound and outbound investments,” emphasized Rubens Hannun, President, Arab Brazilian Chamber of Commerce.
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.
