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Mideast investors urged to tap Brazilian construction sector’s expected 8.87% growth
Developers & material exporters to discuss potential partnerships at Brasil Trade Middle East 2010.
April 6, 2010 2:56 by Ben Flanagan
April 6, 2010: Brazilian developers and project owners will discuss partnership opportunities with Middle Eastern investors and businesses at the forthcoming Brasil Trade Middle East 2010 in Dubai, as the South American country’s construction industry aims for 8.87 per cent growth in 2010. Brasil Trade 2010 is multi-industry show running from May 9 to 11, at the Intercontinental Hotel in Dubai Festival City.
According to a recent Business Monitor International Report, Brazil’s construction sector is expected to be worth USD 85.48 billion by the end of the year, driven by projects related to upcoming major sporting events to be held in the country such as the 2014 FIFA World Cup and the 2016 Olympics in Rio de Janeiro. These complement government plans to further expand infrastructure via its Growth Acceleration Program investment plan.
Moreover, Brazil’s stone, ceramic, non-ferrous metal and other construction products are highly popular in the Middle East, particularly in GCC countries. Overall, Brazil’s real estate and Construction trade with the Gulf was valued at USD 132.13 million in 2009, representing a 13.09 per cent average annual growth since 2005.
“Brazil and the GCC are both known for their solid tourism and real estate sectors. This year is a particularly crucial period to explore mutual opportunities in these businesses, as the world aims for steady recovery from the economic downturn. Infrastructure development figures prominently in the growth agendas of Brazil and Gulf countries over the next few decades, so Brasil Trade Middle East 2010 offers an excellent opportunity for investors and businesses to position themselves for post-crisis construction trade growth,” said Alessandro Teixeira, President of Apex-Brasil, Organiser of Brasil Trade 2010.
Over 30 Brazilian exporters from more than 100 leading Brazilian producers and manufacturers will outline investment and partnership prospects in construction and construction materials during Brasil Trade Middle East 2010. The event will also showcase opportunities in Brazilian furniture and decoration, food and beverages, and auto parts, among others. Brazilian exporters and hosted buyers will be given special presentations, while one-on-one meetings will be arranged with local UAE buyers. A hosted buyer’s program will also be organized for major importers from Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Jordan, Syria and Lebanon.