UAE stays profitable destination for Brazilian investors
The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that Brazilian investors are interesteded in the UAE, specific the ease of doing operation in the nation and its rewarding business chances. This follows the UAE's recent number one ranking in the MENA region on the World Bank's annual Ease of Doing Business Report for 2016. The strong appeal of doing operation in the UAE will further enhance the trade relations in between the two nations that have actually witnessed robust growth at all levels over the years.
Brazilian exports to the Arab World reached USD 5.789 billion during the very first half of 2015, whereas Arab exports to Brazil touched USD 3.377 billion during the same period. ABCC has actually been working to improve relations in between the 2 countries throughout various activities, including helping with operation sees and seminars.
Dr. Michel Alaby, Secretary General and CEO, Arab-Brazilian Chamber of Commerce, stated: "The UAE is a fast-developing nation with several mega jobs underway that not just support the gdp instead likewise help in diverting dependence far from hydrocarbons. Under the instructions of its visionary leaders, the nation's highly conducive business environment through the execution of rigorous policies and strategic policies provides tremendous financial investment opportunities to Brazilian investors and entrepreneurs. Brazil has enjoyed outstanding bilateral relations with the UAE for a long time which will remain to succeed because of the attractiveness of doing business in the latter.".
According to the World Bank's annual Ease of Doing Business Report 2016, the UAE was positioned 31 internationally amongst 189 countries, going up by one spot from the 2015 ranking. The country has actually topped the MENA region for the third consecutive year. The Report measures the procedures and legislations to promote investment and trade as well as highlights challenges influencing 10 essential locations in business. It likewise provides quantitative signs on operation policies and the security of property rights.
