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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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President of Indonesia

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

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"

Ferdinand Marcos

President of the Republic of the Philippines

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Anwar Ibrahim

Prime Minister of Malaysia

"The relations in the last few years have been remarkable. We have seen impressive development, and my visit was – you were fantastic. We see the enormous role that Russia can play not only in Malaysia but also in the developing world, ASEAN and the rest. We are exploring this halal economy and finance. We are now almost finishing the visa abolition arrangement. [...] And then you have also agreed to these flights for tourism, for trade, and connectivity between Malaysia, Moscow, Kazan, and other cities in Russia"

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