Business

The Arab-Brazilian Chamber of Commerce as of late marked a Memorandum of Understanding (MoU) with Abu Dhabi Ports, making ready for increasingly robust technical cooperation, port promotion and joint business-related occasions and activities.

The signing took after the decision of a seminar organized by ABCC in So Paulo. The seminar - which came following the state visit of Brazilian President Jair Bolsonaro to the UAE in October this year - exhibited the developing business openings in both So Paulo, Brazil's lively finance related focus, and Khalifa Port, Abu Dhabi Ports' flagship, deep-water port.

Around 70 officials of different organizations operating at the Khalifa Port, which boasts a dealing with limit 2.5 million twenty-foot equal units, went to the seminar to reveal insight into the development possibilities accessible at Khalifa Port Free Trade Zone and Khalifa Industrial Zone of Abu Dhabi (KIZAD). The speakers, who represented food, coffee, cosmetics, mining, development, exchanging, and foreign trade consultancy organizations, among others, likewise included their services and product offerings during the event.

Rubens Hannun, President, ABCC, stated: "The MoU is an open door also for the both parties to explore, promote, and boost substantial inbound and outbound speculation possibilities. By teaming up, we are opening up new channels for Brazilian firms to enter and thrive in the consistently rising Abu Dhabi advertise. KIZAD, for example, is a key, cost-effective region with huge development scale, empowering Brazilian organizations to additionally grow not just in Abu Dhabi and the UAE advertises yet in addition in various pieces of the district and the world."

KIZAD underpins differing business exercises in the UAE, which is viewed as a fare center point that purchases and exchanges numerous items to different nations. The Emirates is Brazil's third biggest purchaser among the Arab nations.

The ABCC was built up to encourage the development and broadening of exchange association among Brazil and Arab countries, particularly the UAE, Brazil's third biggest business and venture accomplice, Egypt, and Saudi Arabia.

The recently signed MoU reflects the ABCC's mission form more grounded and increasingly vivid economic, social, and cultural ties among Brazil and Arab nations; extend their associations; and make exchange and venture openings in different parts, including however not restricted to agriculture, medical technology, beauty, mining, construction, exchanging, and foreign trade consultancy.

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