RIYADH — The Federation of Saudi Chambers (FSC) and the Brazilian-Saudi Center for Investment, Trade and Industry today signed a memorandum of understanding (MoU) to enhance ways of cooperation in the field of market studies and investment opportunities in each of Saudi Arabia and Brazil.

The enhancements would be in a way that supports the economic decision making and also contributes to boosting economic relations between the two countries.

The signing ceremony took place at the FSC's headquarters in Riyadh. The MoU was signed by FSC Acting Secretary General Hussein Bin Abdulqader Al-Abdulqader and President of the Brazilian-Saudi Center for Investment, Trade and Industry Mishaal Bin Rakan bin Hathleen.

As per items of the memorandum, both sides will work on presenting market studies and comprehensive evaluation for investment opportunities in both countries in the targeted economic fields and sectors.

They will also hold symposiums, conferences, events and workshops; issue joint print materials and synchronized publications of reports; and exchange points of view and ideas related to issues, developments, study subjects, and investment opportunities available by both sides.

This cooperation enhances efforts exerted by the Federation and Center in supporting the course of Saudi-Brazilian economic relations through offering opportunities and credible market studies that help investors and decision makers make proper investment decisions. — SPA