Commercial transactions between Brazil and Saudi Arabia could grow from the current US$8 billion to US$20 billion by 2030. This is reported by
Brasil 247, a partner of TV BRICS.

One of the topics touched upon at the leaders’ meeting was investment. The Saudi sovereign fund plans to invest $10 billion in Brazil.

Among the signed documents are projects in clean energy, green hydrogen, defence, science and technology and agriculture. Brazilian President Lula da Silva also emphasised Brazil’s potential for energy transition and action on the climate crisis.

Photo:
IStock