Brazil’S Recife Seeks To Attract Arab Investment

(MENAFN- Brazil-Arab News Agency (ANBA)) São Paulo – The City Hall of Recife , the capital of Pernambuco state, is working to attract foreign investment and is starting to engage with Arab countries for this. The city's Secretary of Economic Development, Carlos Andrade Lima, met with leaders of the Arab-Brazilian Chamber of Commerce (ABCC) in São Paulo on Thursday (20) as part of his schedule in the city this week to discuss international investments.

“Anything an entrepreneur needs when arriving in Recife goes through the Secretariat of Economic Development. So, we're doing this roadshow to showcase that the Secretariat is open for business and to present what Recife is, its DNA, what the city has to offer, and what it can show to Brazil and the world,” Lima told ANBA.

The meeting included discussions on possible joint actions in the investment sector

The secretary sees great potential in the Arab world. He notes that Brazil's international relations are largely limited to the United States and China and wants to diversify. The schedule in São Paulo, which began on Monday (17) and will continue until Friday (21), includes meetings with companies, institutions, consulates, and associations from countries such as Japan and Canada, among others, in addition to the Arab nations.

Secretary Lima presented to the ABCC leaders what he sees as Recife's main investment attractions : health , technology , and health-focused technology .“Recife has a digital port, an ecosystem with over 400 companies and more than 21,000 people working in the city center,” he said.

Representatives from Recife with leaders and executives of the Arab-Brazilian Chamber

According to the secretary, Recife has more IT students per capita than any other Brazilian capital and the second-largest medical hub in revenue in Brazil.“These are very strong sectors, so we need to showcase them and emphasize that Recife is open to receiving more and more technologies, especially in the medical field.” However, he says the city is interested in all types of investments.

To attract Arab investments, Lima expressed his willingness to visit Arab countries and host Arab entrepreneurs in Recife. At the ABCC, he discussed joint efforts to attract investments, exploring opportunities in missions, investment forums, and key sectors. Talks will continue to develop a plan aligned with Arab interests and Recife's characteristics.

At the ABCC, Lima was welcomed by President William Adib Dib Jr., International Relations Vice President and Secretary-General Mohamad Mourad, Board Member Arthur Jafet, and Institutional Relations Director Fernanda Baltazar. The Executive Secretary of Development and Innovation of Recife, Gelisa Bosi, and the General Manager of Investe Recife, Pedro Leonardo Lacerda, also participated.

Read more:
Broker creates funds for Brazil, UAE

Translated by Guilherme Miranda

Isaura Daniel/ANBAIsaura Daniel/ANBAIsaura Daniel/ANBA

The post Brazil's Recife seeks to attract Arab investment appeared first on ANBA News Agency .

MENAFN21032025000213011057ID1109342371