Dubai – Mubasher: The mayor of São Paulo, Brazil has called for raising his country's share of trade of Dubai's total annual trade to 20% within the next three years from its current 2%, according to a statement.
Joao Doria met with a high-level delegation led by the Dubai Chamber of Commerce and Industry, which visited Brazil as part of a trade mission to Latin America.
Dubai is an important commercial, logistical and economic gateway for Brazil to the world, the Brazilian official said, expressing his support for the Dubai Expo 2020.
The contribution to be made by Brazilian companies in the Expo 2020 will impact the region, according to Dubai Chamber president and CEO Hamad Buamim.
The Expo 2020 is slated to open its door on 20 October 2020 and is expected to host up to 25 million visitors.
Speaking at the event, Dubai chamber chairman Majid Saif Al Ghurair, highlighted the importance of building bridges between business communities in Dubai and Sao Paulo as well as priority sectors for increasing bilateral trade and investment, including tourism, agri-business, logistics and real estate.
“UAE businesses and investors that have joined this delegation are very serious about their intention to explore opportunities in Brazil and other Latin American markets. This trade mission offers them an ideal platform for connect with key stakeholders, learn about the local business environment, and discuss business prospects,” said Al Ghurair, according to the statement.
Sao Paulo city contributes around 18% of Brazil's total gross domestic product (GDP), while the Sao Paulo district contributes 32% of the country's GDP.
