LIDE Brazil and UAE International Investors Council Forge Strategic Ties with MoU

Sao Paulo, The Gulf Observer: The LIDE business group, spearheading a delegation from the Brazilian private sector, has solidified its commitment to fostering bilateral investments by signing a Memorandum of Understanding (MoU) with the UAE International Investors Council. The momentous agreement was formalized during the Brazil Emirates Conference held in Dubai, marking a pivotal step in enhancing economic ties between the two nations.

LIDE UAE President Rodrigo Paiva and UAEIIC Chairman Mohamed Al-Rais were the signatories of the MoU, solidifying a commitment to jointly bolster investments in Brazil and the UAE. The Brazil Emirates Conference served as a platform for business leaders and authorities from both countries to convene and explore mutual economic opportunities.

Paiva, in reflecting on the significance of the MoU, stated, “It’s a very important MoU not only for LIDE UAE but for the entire global LIDE network because the UAEIIC encompasses several funds, and now LIDE members will be able to have direct access to the assets and cooperate more directly with funds that invest in different sectors of the economy, both in Brazil and the UAE.”

The deputy secretary of the UAE’s Economy Ministry, Juma Al-Kait, emphasized the burgeoning alliance between the two nations, noting that the UAE’s inclusion in the BRICs bloc and Brazil’s invitation to the G20 herald an exciting new phase. Al-Kait highlighted the potential for increased trade and partnerships in diverse sectors.

Saleh Lootah, president of UAE Food and Beverage, emphasized Brazil’s pivotal role in addressing food security challenges in the Gulf region. He underscored Brazil’s potential to become a major player in the food sector, offering solutions to pressing challenges.

Joao Doria Neto, President of LIDE, noted the recognition of Brazil’s significance in ensuring food security, fostering opportunities for business and growth. Despite challenges in logistics, stakeholders are optimistic about the potential for expansion in food trade to the Gulf region.

The conference covered a spectrum of topics including technology, energy, infrastructure, and artificial intelligence, indicating the breadth of collaboration opportunities. LIDE President Joao Doria Neto expressed enthusiasm, stating that the event marks a new chapter in the business relationship between Brazil and the UAE.

The LIDE delegation’s visit to the UAE is characterized as highly positive, establishing connections, fostering partnerships, and opening avenues for investments. The collaboration between LIDE and UAEIIC is poised to bring about mutual benefits, further strengthening economic cooperation between Brazil and the UAE.