Saudi Chambers’ Federation, Saudi-Brazilian Center Co-sign MoU

The Federation of Saudi Chambers of Commerce, Brazilian-Saudi Center for Investment, Trade and Industry signed today a memorandum of understanding to enhance ways of cooperation in the field of market studies and investment opportunities in both the Kingdom and Brazil, in a way that supports economic decision-makers and contributes to strengthening economic relations between the two countries.

The signing ceremony took place, in Riyadh, where it was signed by the Secretary-General of the Federation of Saudi Chambers, Hussein Abdul-Qader Al-Abdul-Qader, and the Head of the Brazilian Saudi Center for Investment, Trade and Industry, Mishaal bin Hithlin.

In accordance with the terms of the memorandum of understanding, the two parties will work to provide market studies and a comprehensive evaluation of investment opportunities, in the two countries in the targeted economic fields and sectors, hold seminars, conferences, events and workshops, issue joint publications and simultaneous publication of reports, as well as exchange views and ideas on issues, developments, study topics and opportunities Investment available on both sides.

This cooperation enhances the efforts made by both federation and the center to support the course of the Saudi-Brazilian economic relations, by providing opportunities and reliable market studies that help investors and decision-makers to take appropriate investment decisions.

It is worth mentioning that the Brazilian-Saudi Center for Investment, Trade and Industry was established, in 2012, as a non-profit organization operating in Brazil, and it aims to develop business and investments between the two countries