On the occasion of the official visit of the President of the Federative Republic of Brazil to the Kingdom of Saudi Arabia, His Excellency Jair Bolsonaro and HRH Prince Mohammed bin Salman discussed the prospects for strengthening bilateral investments between Brazil and the Kingdom of Saudi Arabia.
The two sides expressed their support for the Public Investment Fund’s agreement to explore potential mutually beneficial investment opportunities of up to USD 10 billion in partnership with the Federative Republic of Brazil.
The Brazilian side expressed its commitment to work together with PIF to assist in facilitating the initiative, including clarifying the most appropriate legal and institutional framework for investment in the Brazilian economy.
The two sides noted the structural economic reforms and initiatives promoted by the government of President Jair Bolsonaro aimed at improving the business environment to further enhance the attractiveness of the Brazilian economy for foreign investors. They further indicated the potential opportunities for impactful investment with market leading returns in the projects comprising the Investment Partnership Program of the Federal government of Brazil.