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Saudi Arabia to Invest up to US$10 Billion in Projects in Brazil

RIO DE JANEIRO, BRAZIL - The government of Saudi Arabia should invest up to US$10 billion in projects Brazil, about R$40 billion. The announcement should be made on Tuesday, October 29th, during a visit by President Jair Bolsonaro to the country.

In a meeting with the crown prince of Saudi Arabia, Mohammed bin Salman, Bolsonaro discussed opportunities to strengthen investments.

The fund belonging to the Saudi government will be responsible for investments in Brazil. The Brazilian government has committed to working together with the fund to facilitate initiatives, including information on legislation.

The expectation was that Bolsonaro would present . . .

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