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FINANCIAL NEWS
Kuwait, Brazil to establish joint investment firm
26 Jul 2010
(MENAFN) Sayer Al-Sayer, a Board Member of Kuwait Chamber of Commerce and Industry (KCCI) that Kuwait and Brazil agreed on establishment of a joint investment company, said here.
He said the aim of the company will be to boost economic relations between Kuwait and Brazil, adding that it would also have positive effect on trade exchange between Kuwait and Brazil.
Brazil is rich in oil, agricultural resources and livestock, he pointed out, noting that the country is due to host several crucial international events, namely international Olympic games and the World Soccer Cup, events that will contribute to reviving the national economy and impact in particular on the private sector, he noted.
The two countries will form a joint committee to prepare studies on the issue, he said, alluding to the accord.
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