Bolsonaro highlights Brazil’s relations with the United Arab Emirates

RIO DE JANEIRO, BRAZIL – Ties between Brazil and the United Arab Emirates are better than ever. Brazilian President Jair Bolsonaro confirmed and stated that the good relationship maintained with the Gulf country is an example of a friendship from which both nations benefit economically.

Thanks to this strong bond, growing demand for Brazilian startups is becoming evident, and everything points to them being exploited by the two nations to their mutual benefit.

According to Bolsonaro, the good relationship with Emirates has produced an Emirati program searching for new startups in Brazil. The Arab country would be interested in investing in energy, water, design, architecture, transportation, and logistics projects and in those responsible for conducting environmental analysis or research on a sustainable economy.

Therefore, Bolsonaro announced that the Sharjah Advanced Industry Accelerator (SAIA) will remain operational until the middle of this year. It is a program developed by the Emirati authorities in which more than 750 companies join forces to create sustainable and planet-friendly projects.

This organization serves as a platform for firms to meet and expose their new ideas or products to the global market.

The Brazilian leader took the opportunity to announce that 20 Brazilian startups have been selected to enter this program. These were registered free of charge and will fight for a prize awarded annually to the best projects created in these sectors.

For Bolsonaro, bringing together technology-based companies from both countries means reducing the Emirates’ economic dependence on the oil and gas sector.

SAIA will conclude its annual competition at the end of this year, where the best projects that apply to the real-life environment will be chosen. This event is internationally renowned, and last year alone, 515 companies from 65 countries registered to participate and showcase new technological advances.

Brazil and the Emirates have a very important relationship in economic terms. For years, they have signed all kinds of agreements and memorandums in all matters that have led to a clear improvement in all sectors of both countries.

BOOM OF BRAZILIAN COMPANIES

The president also affirms that companies from the South American country are becoming increasingly important. According to him, they are growing sufficiently to enter the world market gradually.

For the president himself, these firms are growing in a very positive and fast way in the nation itself, which means significant economic development for Brazil at an international level.

It has been achieved thanks to implementing a new legal framework in favor of startups. In recent years, companies dedicated to problem-solving have increased, and the Brazilian authorities are valuing the benefits they produce. As of today, there are around 12,000 of these small companies.

“Today, the model is not good for those who want to open a startup. We aim to simplify the process, reduce regulation and bureaucracy horizontally, and make it easier to attract investment and reduce barriers. We want to promote disruptive and innovative business models, generating great value,” said Gustavo Ene, Secretary of Industry Development of the Special Secretariat of Productivity.

As a result, security legislation has already been in place for a long time and has benefited everyone who has invested in this small business sector. Before, the government was only dedicated to creating interim instruments that improved the situation for a short period, but in the long run, everything went back to the way it was.

“The interim measure took the weight off the State, reduced bureaucracy. It is critical for early-stage entrepreneurs, such as startups, to better start their businesses and focus on what matters: creating new products, services, market readings, or opportunities by engaging in business. Invest time in creating value instead of solving tax, legal, or labor problems,” the secretary continued.

With information from Atalayar

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