Tuesday, August 4
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Joint statement on strategic partnership between kingdom and Brazil in field of investment

Riyadh, Within the framework of the official visit of the President of the Federal Republic of Brazil to Saudi Arabia, President Jair Bolsonaro and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister and Minister of Defense, discussed ways to enhance bilateral investments between the two countries.

The two sides expressed their support for the Public Investment Fund's aspiration to develop a roadmap aimed at exploring potential investment opportunities that will benefit the two countries, amounting to 10 billion US dollars in partnership with the Federal Republic of Brazil.

The Brazilian side expressed their commitment to working together with the Public Investment Fund to help support the initiative, including the identification of the most appropriate legal and institutional framework for investment in the Brazilian economy.

The two sides noted that the structural reforms and economic initiatives supported by the government of President Jair Bolsonaro aim to improve the investment environment, which will enhance the attractiveness of the Brazilian economy to foreign investors.

The two sides also mentioned potential opportunities for strong, high-return investments in related projects such as the Brazilian Government's Investment Partnership Program.

Source: Saudi Press Agency