The Arab-Brazilian Chamber of Commerce (ABCC) announced an extensive increase in Brazilian exports of construction machinery to Arab countries in 2015.
According to statistics, Arab countries have purchased $226.31m worth of machinery in 2015, which marks a growth of 7% from 2014, while the export of construction goods remains stable at $41.31m in 2015.
Top three importers of Brazilian machinery include Egypt ($63.82m), KSA ($56.23), and the UAE ($50.97m).
Dr Michel Alaby, secretary general and CEO at ABCC, said: “The robust trade of machinery and construction goods from Brazil to the Arab World reinforces growing popularity of high quality Brazilian products in the regional markets. Arab countries have shared extremely amicable business relations with Brazil and have contributed significantly to local economy by regularly exporting Brazilian products and the demand will continue in the mid- and long-term in light booming Arab construction sector.”