The Riyadh Chamber of Commerce and Industry called on Brazil to increase joint investments in the Kingdom of Saudi Arabia, reported Al-Hayat . At a recent Address to the delegation of the Arabian-Brazilian Joint Chamber of Commerce in Riyadh, Ali Othman Zeid, a Member in the Board of Directors of the Riyadh Chamber, said that current Brazilian investments in Saudi Arabia are below desired levels and are restricted to a single industrial project valued 13 million Saudi Riyals ($3.4 million), of which 50 percent are Brazilian shares, in addition to another non-industrial project valued three million Saudi Riyals, of which 30 percent are Brazilian shares. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
