The 5th Brazil Investment Forum brought together global business leaders and actively promotes high-quality investment opportunities in Brazil – Malaysian News

The 5th Brazil Investment Forum brought together global business leaders and actively promotes high-quality investment opportunities in Brazil – Malaysian News
The 5th Brazil Investment Forum brought together global business leaders and actively promotes high-quality investment opportunities in Brazil – Malaysian News
SHANGHAI, June 20, 2022 – (ACN Newswire via SEAPRWire.com) – The 5th Brazil Investment Forum (“BIF 2022”), the largest foreign investment forum in Latin America co-hosted by the Brazilian Investment Agency Investment and Trade Promotion (“ApexBrasil”), the Inter-American Development Bank and the Federal Government of Brazil, successfully concluded on June 15, 2022. During the forum, powerful speakers shared views on a variety of topics, they discussed the business environment and opportunities in Brazil and promoted numbers of high-quality investments.

BIF 2022 has achieved great success with several record numbers this year. The forum attracted and presented 157 investment projects with an estimated investment value of USD 66.4 billion, with the expectation of generating 200 thousand direct and indirect employment opportunities in Brazil. The investment projects are mainly in the transportation and infrastructure sectors, namely airports, railways, highways, ports, oil and gas, and power. Among the investors that showed the greatest interest in the railway market, 61 railway projects with a total investment value of US$31.81 billion were presented during the forum. The second most popular sector was the road market. The contractual value of road projects reached USD 22.2 billion with the construction of 14,383 kilometers of roads. In addition, during BIF 2022, 63 projects were presented in the airport sector for a value of USD 9.1 billion, 2 transmission auction projects in the energy sector for a value of USD 3.2 billion and 2 exploration projects in the oil sector. and gas for a value of USD 246 million.

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Due to the Covid-19 pandemic, BIF 2022 adopted the hybrid online-offline format for the first time, however, the number of attendees this year exceeded 5,000, breaking its historical records. 800 entrepreneurs and executives from 61 countries participated in the forum at the World Trade Center in Sao Paulo, and more than 4,000 potential investors from 100 countries participated online, totaling more than 5,000 attendees. The forum brought together more than 350 representatives from Brazil’s federal and state governments, as well as the CEOs of leading multinationals in 19 keynote speeches and discussions over two consecutive days, covering a variety of hot topics, including the latest business environment. in Brazil, model innovative companies, capital investment initiatives and movements in global value chains.

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According to Augusto Pestana, president of ApexBrasil, the business environment in Brazil has been improving in an unprecedented magnitude, providing conditions for entrepreneurs to multiply their business, transforming expansion into more goods and services, new products and more jobs and income for millions. of Brazilians.

“Brazil is a country that modernizes and opens itself to the world with pragmatism and courage, a country that seeks the best standards and practices, as the beginning of our process for joining the OECD demonstrates,” said Pestana.

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