Brazilian President, CEO of ADIG discuss ties

ABU DHABI: President Luiz Inácio Lula da Silva of Brazil hosted Zayed Bin Aweidha, CEO of the Abu Dhabi Investment Group (ADIG), at the Palácio do Planalto. The high-level meeting emphasized on growing partnership with Brazil for developing key initiatives outlined during the 19th G20 Summit in Rio de Janeiro.

Under the summit’s theme, “Building a Just World and a Sustainable Planet” President Luiz Inácio Lula da Silva and Zayed Bin Aweidh, explored mutual cooperation opportunities in critical areas like sustainable development, economic diversification, and global trade. The productive discussions underscored the importance of transformative initiatives and international partnerships which align with the UAE’s vision for sustainable development and its ongoing efforts to champion innovative global economic and environmental solutions.

President Lula da Silva and Zayed bin Aweidha explored investment opportunities across Brazil’s strategic sectors, particularly the degraded pasture restoration, industrial development, sustainable mobility, and urban infrastructure. President Lula highlighted Brazil’s robust economic, political, and social stability, making Brazil an attractive destination for international investment.

The total investment for these ambitious projects is expected to exceed $100billion.

The meeting was attended by prominent figures: businessman Mario Garnero; Bruno Moretti, Secretary of Governmental Analysis; and Carlos Ernesto Augustin, Special Advisor to the Ministry of Agriculture and Livestock.

Zayed Bin Aweidha expressed his gratitude for the opportunity to meet with President Lula da Silva to boost cooperation between the UAE and Brazil, particularly in the oil and gas sector. He described this partnership as a cornerstone for energy security and sustainable economic growth during global change. He emphasized on clean energy initiatives, such as solar and wind projects to steer towards a low-carbon economy.

He reaffirmed that Abu Dhabi Investment Group’s is committed to expanding its global footprint by developing infrastructure and laying the groundwork for strategic partnerships beyond the UAE.