Brazil is engaging Saudi Arabia for investments in its port sector, with concessions planned by 2026. Minister Silvio Costa Filho highlighted the strong growth rate of Brazil’s ports and emphasized the country’s strategic importance for global trade. Over 40 port concessions will be launched in the next two years, signaling potential investment collaborations between the two nations.
Brazil is in discussions with Saudi Arabia to attract significant investments in its port sector, as the nation prepares for key infrastructure projects to be concessioned by 2026. This initiative aims to enhance Brazil’s market appeal, especially for global operators interested in port development.
Silvio Costa Filho, Brazil’s Minister of Ports and Airports, presented the country’s extensive portfolio of port and waterway concession projects to top container terminal operators from Saudi Arabia. He emphasized Brazil’s strong economic performance, with over 5% growth in the port sector and an 18% increase in container throughput in 2024.
The minister also highlighted Brazil’s thriving industrial and agribusiness sectors, asserting the country’s position as a key hub for international trade. Over 40 port concessions are planned in the next two years, including projects for solid and liquid bulk terminals, as well as infrastructure pivotal to mining operations.
The Brazilian government notes that the commitment of both nations to collaborate in the port sector indicates the potential for a strategic alliance, leading to further negotiations and investment opportunities. This partnership aims to foster economic growth and mutual benefits in global trade.
Brazil is proactively seeking investments from Saudi Arabia to enhance its port infrastructure, with significant projects planned for concession by 2026. The expected cooperation underscores Brazil’s economic resilience and highlights its strategic role in global trade. The burgeoning partnership may pave the way for extensive development and investment opportunities in the maritime sector.
Original Source: tvbrics.com
