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Brazil Saudi Arabia
08.12.23 18:31
Economics

Trade between Brazil and Saudi Arabia could grow to US$20bn by 2030

Investment includes clean energy, green hydrogen and infrastructure projects

Commercial transactions between Brazil and Saudi Arabia could grow from the current US$8 billion to US$20 billion by 2030. This is reported by Brasil 247, a partner of TV BRICS.

One of the topics touched upon at the leaders' meeting was investment. The Saudi sovereign fund plans to invest $10 billion in Brazil.

Among the signed documents are projects in clean energy, green hydrogen, defence, science and technology and agriculture. Brazilian President Lula da Silva also emphasised Brazil's potential for energy transition and action on the climate crisis.

Photo: IStock


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