The Brazilian investment management firm eB Capital and the Saudi Arabian Ministry of Investment (MISA) signed a memorandum of understanding (MoU) today (3rd) to boost economic development in both countries through private investment. Eduardo Sirotsky Melzer, co-founder and CEO of eB Capital, was in Riyadh to sign the agreement with the Saudi Minister of Investment, Khalid A. Al-Falih.
Under the agreement, both parties will organize a series of meetings and business rounds to bring together investors from Brazil and Saudi Arabia in the coming months to discuss opportunities, with an emphasis on alternative investments, food security, and private credit. The aim is to intensify the exchange of information among stakeholders about the business landscape in both countries, thus facilitating capital investments that contribute to the mutual growth of Brazil and Saudi Arabia.
The announcement was made during a visit by the Brazilian delegation, which includes government leaders, ApexBrasil (Brazilian Trade and Investment Promotion Agency), BNDES (National Bank for Economic and Social Development), CNI (National Confederation of Industry), and business leaders to Riyadh, with the aim of strengthening commercial ties.
“Brazil is a country with broad commercial relations in the global environment, and Saudi Arabia has provided significant investment opportunities, thereby attracting top talents from all areas: art, gastronomy, entertainment, sports. Rafael Nadal and Tom Brady, for example, have set up teams in that country,” said Melzer. “Moreover, every day, leading companies enter the Saudi market, and global investment funds have established significant operations in Riyadh. Therefore, we are proud to see Brazil participating in this global elite. As Brazilian entrepreneurs, we need to showcase our best, attracting capital to invest in our country and helping to promote the much-desired economic and social growth. We, at eB Capital, committed to our country, understand that we have the responsibility to actively participate in this process and help attract talents, financial resources, and opportunities to Brazil,” he added.