Saudi Arabia’s Sovereign Fund to Invest $10 Billion in Brazil - Bloomberg:
Saudi Arabia’s Public Investment Fund will invest $10 billion in Brazil and plans to use the country as a gateway to the rest of Latin America, the Brazilian government said.
The investment comes after talks between President Jair Bolsonaro and Crown Prince Mohammed Bin Salman, Brazilian Foreign Affairs Minister Ernesto Araujo told reporters in Riyadh on Tuesday.
Bolsonaro met Bin Salman at the Ritz-Carlton Hotel, where the sovereign fund is hosting an investment summit this week. The $320 billion fund is mandated with making the kingdom’s economy less dependent on oil.
No comments:
Post a Comment