News Column

Brazil,Oman : OMAN eyes investments from BRAZIL

May 14, 2014

Brazil s Vice-President, Michel Temer, chaired the opening of the 2-day Oman-Brazil Economic Forum in SÃo Paulo. Led by Yahya bin Saeed al Jabri, Chairman of the Special Economic Zone Authority at Duqm (SEZAD), and organised by Ithraa in collaboration with the Omani Embassy and the Arab-Brazilian Chamber of Commerce.

The forum was designed to introduce Oman to Latin America s leading economy and attract Brazilian investment to the Sultanate s logistics, agriculture, food, infrastructure, transport and pharmaceutical sectors.

The Oman-Brazil Economic Forum is a result of a state-visit to Oman during which investment and commercial opportunities between Oman and Brazil were discussed.

Oman is considered a gateway through which Brazilian companies and products can enter the Middle Eastern and North African markets. Brazilian businesses are keen to find out what the Sultanate can offer. Representatives from SEZAD, Port of Duqm, Port of Sohar and Salalah Free Zone pitched Oman as a regional distribution centre and presented integrated Omani ports and industrial zones to meet the needs of Brazilian firms.

Brazil is home to the world s leading maritime transport and logistics services companies and the 2 nations enjoy strong relations that aim to further develop.

The forum attracted Brazil s business community as well as heads of organisations working in the food and fish farming sectors. As Brazil is one of the biggest players in food processing and logistics.

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Source: TendersInfo (India)

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