São Paulo – The Omani delegation that held the Brazil-Oman Economic Forum last Monday (12th) in São Paulo paid a visit to the offices of the Arab Brazilian Chamber of Commerce late this Tuesday afternoon (13th), and was welcomed by the organization’s president Marcelo Sallum and CEO Michel Alaby.
“The Sultanate of Oman is very well represented in Brazil, first by the ambassador [Khalid Al Jaradi], who is doing a magnificent job, and second by the Arab Chamber, which has carried out a strong commercial promotion work [for the country],” said Sallum.
The delegation comprises representatives from government agencies and state-owned companies and has travelled to Brazil looking to promote business opportunities in the sultanate. In addition to the forum, the Omanis attended separate meetings with Brazilian executives, paid a visit to the São Paulo Investment and Competitiveness Promotion Agency (Investe São Paulo) and will go the Port of Santos on Wednesday (14th).
“Our visit has been a huge success,” said the head of the delegation, Yahya Said Abdullah Al Jabri, chairman of the Duqm Special Economic Zone Authority. He highlighted the participation of the Brazilian vice president Michel Temer in the forum, the meetings with Brazilian executives and the visit to Investe São Paulo, where they learned about investment opportunities in the state.
Alaby gave a presentation on economic relations between Brazil and Oman, and delegation members inquired which sectors the Arab Chamber believes hold the most promise for bilateral business.
Sallum cited infrastructure. “We took delegates from Brazilian infrastructure companies along with us, and they told me they were interested in following up with the visit,” he said, referring to the trip Michel Temer took to the sultanate in 2013, alongside businessmen. He also envisions partnership possibilities in ports. The Omani delegation includes executives from the Duqm, Sohar and Salalah ports.
Alaby added that infrastructure in Brazil yields “good profitability,” as do retail and the hotel industry. In his opinion, however, the best opportunities for Arabs, especially those from the Gulf, lie in agribusiness. “And that is also due to [the issue of] food security,” he asserted.
Delegation members also requested information about heavy industry companies that may be interested in doing business with Oman, and about fish farming experiences in Brazil. Fishing is an important activity in the sultanate, due to the length of its coastline and its maritime tradition.
Jabri said a Brazil-Oman Business Council should be established swiftly to conduct an in-depth evaluation of the outlook for mutual investment, and to foster bilateral trade. The council’s establishment has been entrusted to the Arab Chamber and the Oman Chamber of Commerce and Industry. He also suggested that more trade missions be carried out.
Ambassador Jaradi stated that the Arab Chamber is the embassy’s “number one” partner in Brazil, and thanked Sallum, Alaby and the employees who gave assistance through the forum and during the delegation’s visit. “I am certain that we will see the concrete results of this forum,” he said.
*Translated by Gabriel Pomerancblum
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