Past 29th November 2024, Abu Dhabi Investment Group has announced plans to invest more than $100 billion in Brazil, focusing on sectors such as infrastructure, clean energy, oil and gas, and agriculture, amid growing ties between the UAE and the South American nation.
The commitment was announced during a meeting between Brazilian President Luiz Inacio Lula da Silva and ADIG chief executive Zayed bin Aweidha in Brasilia, the company said in a statement on Friday.
The co-operation between the Brazilian government and ADIG will look at mergers in sectors such as technology and aviation, as well as automotive manufacturing – which will include the acquisition of an existing facility – and finance, including the establishment of a dedicated bank.
Key investment areas include restoration of degraded pasture, urban infrastructure, industrial development and sustainable mobility. The deals will extend to agriculture, with plans to boost food security across 400,000 square kilometres using advanced technologies to optimise supply chains and reduce waste, ADIG said.
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