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Al Jazeera
Al Jazeera
Business
Sam Cowie

‘Strategic partners’: A look at burgeoning Saudi-Brazil trade ties

Brazil Saudi Arabia Jair Bolsonaro Khalid alFalih Al Jazeera PIF Robert Mogielnicki Gulf United States BRF
'Brazil and Saudi Arabia, two proud members of the G20 and energy producers, are well positioned to be strategic partners,' Saudi Investment Minister Khalid al-Falih said in July [File: Ahmed Yosri/Reuters]

Sao Paulo, Brazil – Saudi Arabia’s investment minister was met with boisterous claps and cheers earlier this year as he gave an optimistic outlook on the potential to deepen his country’s economic ties to Brazil.

Addressing the first-ever, Brazil-Saudi Arabia investment forum in Sao Paulo in July, Khalid al-Falih said that despite the thousands of kilometres separating them, the two nations have more in common than meets the eye.

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