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19/12/2017 - 16:45hs

SIAL can lead to USD 20 million in deals for Brazilians

Such is the amount expected by the companies featured in the Brazilian pavilion of the Abu Dhabi food industry show last week.

São Paulo – The Brazilian Ministry of Agriculture, Livestock and Supply said on Monday evening (18) that Brazil’s participation in SIAL Middle East yielded a prospective USD 20 million in deals for the next 12 months. The food industry expo took place last week in Abu Dhabi, the United Arab Emirates.

A Brazilian pavilion featuring food and beverage companies was organized by the Agriculture and Foreign Affairs ministries, with backing from the Arab Brazilian Chamber of Commerce and the Brazilian Export and Investment Promotion Agency (Apex-Brasil).


The UAE expo welcomed 22,000 visitors

Late last week, SIAL organizers said they estimated that nearly USD 900 million worth of deals were made during the show, which welcomed 22,000 visitors and featured 900 exhibitors, according to Emirates News Agency (WAM).

In the sidelines of SIAL, Brazil’s Agriculture Ministry organized a mission of Brazilian agribusiness companies looking to find investors for their projects. The delegates had meetings with UAE companies and funds.

One such fund, the Agriculture Ministry said, announced that it’s in talks with a Brazilian company for a USD 50 million-USD 300 million investment in the meats industry. According to the Ministry’s International Agribusiness Director Evaldo da Silva Júnior, apart from meats, UAE investors are interested in items including fruits, grains and processed foods.

The Ministry also said meetings were held with the following companies and organizations: United Foods Company, Abraaj Group, Ata Invest, Al Gurair Food, National Food Products Company, Emirates Poultry, Arabian Beverage Company, My Dubai Water, Al Mal Capital, State General Reserve Fund of Oman, Emke Lulu Group, Abu Dhabi Investment Council, S.S. Lootha Group, Food Security Center Abu Dhabi, and the Mubadala holding company.

*Translated by Gabriel Pomerancblum

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