Wednesday, April 21, 2021

Arab-Brazilian Chamber of Commerce to open office in Saudi

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The Arab-Brazilian Chamber of Commerce (ABCC) will open an international office in Riyadh, Saudi Arabia to capitalise on trade between the two countries.

The move follows the success of ABCC’s first office in the region in Dubai. The ABCC also plans to open an outpost in Egypt.

While Brazilian food and beverage exports to the Arab region were down 8.7% in 2020, the region accounts for $6.19 billion worth of produce and is Brazil’s second largest purchasing market after Asia, according to the Brazilian Food Industry Association.

Saudi Arabia is ranked the ABIA’s sixth largest market, and the UAE eighth.

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