Ajman, Arab-Brazilian Chambers of Commerce explore investment opportunities

By Shilpa Annie Joseph, Desk Reporter
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Ajman Chamber
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The Ajman Chamber of Commerce and Industry (ACCI) has discussed investment opportunities available in various fields with the Arab-Brazilian Chamber of Commerce.

Both parties agreed to strengthen their cooperation to enhance the intra-trade and to open horizons for partnerships between businessmen and investors.

Mr. Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry, received a delegation from the Arab-Brazilian Chamber of Commerce. The delegation included Mr. Rafael Solimeo, Head of International Offices for Mena, and Mr. Shaheen Ali Shaheen, Regional Adviser for the GCC Countries, Iraq, and Yemen. Among the attendees was Mr. Nasser Al Dhafri-Executive Director of Communication and Member Support.

During the meeting, Mr. Abdullah Al Muwaiji has highlighted the depth of the two countries’ bilateral connections, applauding the potential investment opportunities, especially in light of the diversity of the economic ingredients owned by both the UAE and Brazil. He has added that the Ajman Chamber is eager to enhance its relationships with international economic institutions that promote investment growth and expand the scope of economic cooperation.

Furthermore, the attendees have discussed the most notable investment prospects and how to make use of them, emphasizing the importance of making use of Expo 2020 and holding direct meetings amongst stakeholders to develop mechanisms for future collaboration in all economic spheres.

During the discussion, it also mentioned that the UAE-Brazil trade volume in 2020 was more than $2.78 billion, with meat, gold, and aluminum being purchased from Brazil and jewelry, iron, plastics, and coal being exported from the UAE to Brazil.

Related: Industrial sector is critical for economy; Ajman Chamber