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05.06.24 15:35

Economy

Brazil wants to attract Saudi investors in the energy sector

This will have a positive impact on the economies of both countries

A Brazilian company plans to attract Saudi investors to launch a US$600 million fund to support Brazil's climate and energy sector.

The initiative is in line with both countries' efforts to expand trade and investment relations. This is reported by Arab News.

Experts note that the co-operation will be a great opportunity for Saudi investors in the Brazilian market. The partnership also supports Saudi Arabia's strategy to diversify its economy, reduce carbon emissions and ensure food security.

The Latin American country also wants to attract capital for energy transition initiatives as well as agricultural projects.

Photo: iStock

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Sergey Lavrov

Russian Foreign Minister

"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned"

Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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