RIO DE JANEIRO, BRAZIL - Saudi Arabia has announced that it will invest US$10 billion in Brazil, the equivalent of about R$40 billion. The amount was enthusiastically welcomed by the federal government and is regarded as President Jair Bolsonaro's best achievement in his tour of Asia and the Middle East.
The resources are significant for Brazil, which still struggles with its economy, yet small compared to other investments announced by Saudi Arabia . . .