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Brazilian-Saudi Investment Forum Witnesses Signing of 25 MoUs in Various Fields

The forum included presentations on Invest Saudi, a program that aims to promote investment opportunities in Saudi Arabia to the world. (SPA)
The forum included presentations on Invest Saudi, a program that aims to promote investment opportunities in Saudi Arabia to the world. (SPA)
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Brazilian-Saudi Investment Forum Witnesses Signing of 25 MoUs in Various Fields

The forum included presentations on Invest Saudi, a program that aims to promote investment opportunities in Saudi Arabia to the world. (SPA)
The forum included presentations on Invest Saudi, a program that aims to promote investment opportunities in Saudi Arabia to the world. (SPA)

The Saudi Ministry of Investment organized on Monday in Sao Paulo the Brazilian-Saudi Investment Forum, which saw the signing of many memoranda of understanding (MoUs) in various fields, SPA said.
The 25 MoUs covered the fields of petrochemicals, healthcare, defense, food, real estate, tourism, water desalination and treatment, and agriculture.
Attending the Forum were Brazil’s Vice President and Minister of Development, Industry, Trade, and Services Geraldo Alckmin; Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih; Mayor of Sao Paulo Ricardo Nunes; Saudi Ambassador to Brazil Faisal bin Ibrahim Ghulam; President of the Federation of Industries of the State of Sao Paulo Josue Gomes; and a number of government officials, CEOs of major companies as well as representatives of the private sector from both countries.
The Forum constituted a significant opportunity for Saudi and Brazilian companies to exchange expertise, explore collaboration and partnership prospects and discover the investment opportunities available in the two countries.
The Forum also saw presentations about the “INVEST SAUDI” initiative, investment in the Kingdom’s economic zones, Riyadh Expo 2030, investment opportunities in Brazil and the investment environment in Sao Paulo.
Additionally, dialogue sessions were held during the Forum, covering the sectors of transportation, logistics services, mining, food industries, agriculture, healthcare, sports, and entertainment.

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Egypt Strengthens African Ties with Senegal in Maritime Transport Cooperation

Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
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Egypt Strengthens African Ties with Senegal in Maritime Transport Cooperation

Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)
Egypt’s Minister of Industry and Transport with Senegal’s Minister of Fisheries, Infrastructure, and Ports (Egyptian Ministry of Transport)

Egypt is intensifying its efforts to strengthen ties with African nations, with the latest development being a cooperation agreement with Senegal in maritime transport, including a new shipping route between Alexandria and Dakar.

Kamel El-Wazir, Egypt's Deputy Prime Minister for Industrial Development and Minister of Transport, said that there are many projects planned to improve connections with African countries.

He added that Egypt is fully ready to work with Senegal in all sectors, including transportation—land, sea, rail, dry ports, and logistics.

Egypt reaffirmed its commitment to strengthening ties with Senegal during talks between El-Wazir and Senegal’s Minister of Fisheries, Infrastructure, and Ports, Fatou Diouf, in Cairo on Friday.

The discussions focused on enhancing cooperation in infrastructure, ports, and maritime transport.

El-Wazir highlighted President Abdel Fattah al-Sisi’s call for greater cooperation with African countries and noted that Egypt has many specialized companies ready to help develop and manage ports in Senegal.

The minister also welcomed the proposed shipping route between Alexandria and Dakar, offering to train Senegalese port workers in maritime transport and provide training in railways, subways, electric trains, and land transport.

He also mentioned potential collaboration in dry port development.

Earlier this week, Egyptian Foreign Minister Badr Abdelatty met with his Senegalese counterpart in Cairo.

They discussed the situation in the Sahel, West Africa, and the Horn of Africa, as well as Egypt’s water security. Both ministers also explored ways to boost African cooperation and regional integration.