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Saudi PIF Focused on Tech, Energy, Mining, Sports in Brazil

BRAZIL
  • The governor of Saudi Arabia’s Public Investment Fund Yasir Al-Rumayyan has been speaking at an FII Institute event in Rio de Janeiro. The PIF is interested in opportunities around technology, renewable energy, mining and football, while citing the potential for Brazil to be a major renewable energy producer to power AI initiatives.
  • Earlier in June, Valor report that the Brazilian government is hoping to attract investment from Saudi Arabia for energy transition projects. Vice President Geraldo Alckmin was in Saudi Arabia on June 03, where three memoranda of understanding and one agreement in the defence area were signed. In addition, the Brazilian Development Bank was reported to be in talks with Saudi Arabia’s sovereign wealth fund to form partnerships.

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