Cookies on the this website
We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time.

New to PropertyWire?

Welcome, and thank you for visiting our website.

PropertyWire is the leading publication for property investors and industry professionals interested in the world of international property investment.

Our aim is to give you intelligent commentary and analysis on the world of retail and commercial real estate.
If you've enjoyed what you've read so far why not sign up for our FREE property alert and online magazine PropertyWire Confidential.

Every week the PropertyWire team sends out a hard-hitting newsletter packed with news and analysis of the top stories plus the best investment opportunities on the market. We always look at the bigger picture like the Euro Crisis, and explain how this will affect YOUR investments.

Ask me later
No thanks

Sep 03rd
Lost Password? Register
Home arrow News arrow South America arrow Middle East investment in Brazil attracting attention

Middle East investment in Brazil attracting attention

Friday, 15 August 2008
Brazilian market sees Arab investment
Brazilian market sees Arab investment

Brazil is attracting the attention of a number of leading Arab property investors and developers according to finance experts.

Even though the share of Arab capital is still small compared with the total volume of foreign funds currently flowing into the Brazilian market, there is growing interest.

Large sovereign funds, such as the Abu Dhabi Investment Authority, the Kuwait Investment Authority, the Saudi Arabian Monetary Agency, the Dubai International Capital and the State General Reserve Fund, based in Oman have been speaking to major organisations.

'We are being contacted by different customers interested in the Brazilian market,' said Angela Martins, international director at the ABC Brazil bank which is run by the Arab Banking Corporation based in Bahrain.

Experts also report an increased visibility of Brazil in the Arab world, and vice-versa, aided by direct flights between Dubai and São Paulo and the growing availability of funds generated by petroleum in the Arab world.

More and more Brazilian companies are also looking to the Middle East for capital. Banco do Brasil has recently opened an office in Dubai, and Itaú, will soon own premises in Dubai and Abu Dhabi.

The Arabs are interested not only in the capital market, but in direct investment. According to Felipe Cavalcante, the president of the Association for the Development of Real Estate and Tourism in Northeast Brazil, real estate development in the region is attracting much attention from Arab investors.

His organisation is planning several trips to the Middle East in 2009 to explore possibilities.

The Arab Brazilian Chamber of Commerce said it has also seen an increase in interest and it has been consulted by a number of Arab companies interested in investing in Brazil.

It is difficult to know exactly how much Arab capital is currently invested in Brazil as official figures disclose only funds coming directly from the region, with no intermediaries.

According to Angela Martins, approximately 70% of the Arab capital that enters the country is invested by third parties, be they investment funds and asset management firms based in the United States or Europe, or subsidiaries of Arab companies located outside of the region.

BOOKMARK THIS PAGE (What is this?)     Digg!Reddit!!Google!Live!Facebook!StumbleUpon!Newsvine!Furl!Yahoo!

Related News
More Recent News
Earlier News
To see all the latest news articles in our monthly online magazine, Property Wire Confidential, sign up free here

West Tower

West Tower

Car park

West Tower

home rental guide

Limousin Guide

Barratt Homes

Limousin Guide

West Tower

South America: Top Headline

Brazil offers property investment for overseas buyersBrazil offers property investment for overseas buyersAll eyes may be on the football in Brazil but the country’s real estate market is also proving to be of interest to overseas buyers looking for a real estate investment

Search for Properties:

Feature story

Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.


Company news

Estate and lettings agents UK advert campaign launched

The National Association of Estate Agents (NAEA) and the Association of Residential Letting Agents (ARLA) have launched a new regional TV campaign to raise awareness among consumers of the importance of using an NAEA or ARLA licensed agent.

Finance Update

Barclays trims mortgage rates to attract more first time buyers

Barclays has launched new and reduced mortgage rates which it says will support first time buyers and those customers with a smaller deposit.


Student accommodation investment check List

It’s the UK’s strongest asset class, but are all student accommodation properties good investments? This is the comprehensive list of what to watch out for when buying student property.



Subscribe to our weekly newsletter and stay updated on the property market trends.
Subscribe now >>

Subscribe to our South American property and real estate news feed (RSS)