| Work Detail |
High-level talks between the Brazilian President and His Excellency Zayed bin Owaidah, CEO of Abu Dhabi Investment Group, have underscored the importance of fostering international cooperation to support the UAE’s forward-looking vision and its commitment to sustainable development.
The discussions centered on potential investments in Brazil’s strategic sectors, including the restoration of degraded pastures, industry, transportation, and urban development. President Lula da Silva emphasized Brazil’s economic, political, and social stability as a key factor for attracting international investors.
Also present at the meeting were prominent figures such as Mario Garnero, Brazilian businessman; Bruno Moretti, Secretary of Government Analysis at the Presidency of the Republic; and Carlos Ernesto Augustin, Special Advisor to the Ministry of Agriculture and Livestock.
His Excellency Zayed bin Owaidah highlighted the UAE’s focus on clean energy projects, including solar and wind energy, as critical to the global transition toward a low-carbon economy. He emphasized the importance of cooperation in the oil and gas sectors to ensure energy security and sustainable economic growth.
The Abu Dhabi Investment Group’s CEO also outlined a broad strategy to establish infrastructure outside the UAE, including in Brazil. These plans encompass technology, aviation, car manufacturing, and the establishment of a bank, alongside significant investments in agriculture. These initiatives aim to support food security programs, covering an area of 400,000 square kilometers, with total investments exceeding $100 billion.
In alignment with the Brazilian government’s goals, His Excellency Zayed bin Owaidah expressed his agreement with President Lula’s vision of improving workers’ conditions and enhancing purchasing power. The recent Brazilian mission to the UAE, led by Rui Costa, Minister of Civil Affairs, marked a pivotal moment with the signing of the contract for the United Nations Climate Change Conference (COP30) to be hosted in Brazil next year.
During the G20 Summit, Abu Dhabi Investment Group also unveiled plans for sustainable infrastructure projects aimed at enhancing productivity and improving living standards. These include smart transportation networks, green infrastructure, digital transformation, and initiatives to relocate slum dwellers to new model villages. These projects are a part of the group’s broader efforts to support infrastructure development in developing countries.
The ongoing discussions between the UAE and Brazil reinforce their shared commitment to a sustainable future and stronger bilateral relations. |
