Saudi Arabia calls on Brazil to increase joint investments

The Riyadh Chamber of Commerce and Industry called on Brazil to increase joint investments in the Kingdom of Saudi Arabia, reported Al-Hayat . At a recent Address to the delegation of the Arabian-Brazilian Joint Chamber of Commerce in Riyadh, Ali Othman Zeid, a Member in the Board of Directors of the Riyadh Chamber, said that current Brazilian investments in Saudi Arabia are below desired levels and are restricted to a single industrial project valued 13 million Saudi Riyals ($3.4 million), of which 50 percent are Brazilian shares, in addition to another non-industrial project valued three million Saudi Riyals, of which 30 percent are Brazilian shares. — (menareport.com)  

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