‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Via Sam Cowie in aljazeera.com: “Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners, with us being the economic leaders of our respective regions,” al-Falih said. “With our strategic interests aligned and private sectors strong, we could become a top five investor in each other’s economy. I believe this will be possible.” Flush with cash following a record $161bn profit for state oil giant Aramco last year, Saudi Arabia has ploughed billions in investments into Brazil’s mammoth mining and meatpacking sectors.





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