{"id":87196,"date":"2024-06-23T00:00:00","date_gmt":"2024-06-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/"},"modified":"2024-06-23T00:00:00","modified_gmt":"2024-06-23T00:00:00","slug":"pif-to-pour-usd-15-bn-into-brazils-green-economy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/","title":{"rendered":"PIF to pour USD 15 bn into Brazil\u2019s green economy?"},"content":{"rendered":"

The Public Investment Fund (PIF) plans to invest USD 15 bn in Brazil<\/strong>, the country\u2019s energy minister said at the FII Institute summit in Rio de Janeiro earlier this month, according to Reuters<\/a>. The sovereign wealth fund will reportedly invest the money into green hydrogen, renewable energy, and infrastructure, the minister said. No further details on the investments or the timeline were provided.<\/p>\n

PIF\u2019s Brazil portfolio is growing: <\/strong>PIF is already working alongside Brazil\u2019s Patria Investments<\/a> \u2014 one of the leading asset managers in Latin America \u2014 on a highway project in the South American country. Manara Minerals \u2014 a JV between Saudi Arabian Mining (Ma\u2019aden) and the PIF \u2014 completed last month<\/a> the acquisition of a minority stake in Brazilian miner Vale Base Metals for USD 2.6 bn. And Brazil\u2019s world-leading poultry supplier BRF is planning a new plant in Saudi that could see the Kingdom produce chicken locally for the first time. The plans come nearly a year after PIF-owned Saudi Agricultural and Livestock Investment Company (Salic) acquired a 10.7% stake<\/a> in BRF.<\/p>\n

Family offices are going to help move things forward:<\/strong> The Kingdom wants to connect \u201cinstitutional investors, private companies, and especially family offices\u201d from Saudi and Brazil to help stimulate further investments between the two countries, the Investment Ministry\u2019s managing director of the Americas, Abdulrahman Bakir, told Bloomberg<\/a> last week. The push comes as the Investment Ministry sees plenty of potential in investing more in Latin America, Bakir said. <\/p>\n

Beyond the PIF, economic + business ties between Saudi and Brazil are getting stronger:<\/strong> Patria Investments is exploring potential investments<\/a> in the Kingdom, with at least three of Patria\u2019s companies \u2014 including gym club operator Smartfit and acai maker Frooty \u2014 looking to expand to the local market. Also, Brazilian private equity firm EB Capital Gestao de Recursos<\/strong> said earlier this month it is seeking<\/a> USD 300 mn from Saudi investors to launch a USD 600 mn fund to launch by 3Q 2024. Brazilian planemaker Embraer<\/strong> has also partnered with the Kingdom to help develop its aerospace industry, hoping to secure the sale of 33 planes to Saudi. <\/p>\n

The bigger picture:<\/strong> Brazil and Saudi also list one another as top 20 trading partners, with USD 7 bn of inflows last year, according to data compiled by Bloomberg<\/a>. The two countries also inked an MoU<\/a> recently to cooperate on developing and localizing defense technologies. <\/p>\n","protected":false},"excerpt":{"rendered":"

The sovereign wealth fund has several other investments in Brazil<\/p>\n","protected":false},"author":1,"featured_media":87197,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[10,2689,31,1151,2196],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam-ksa","tag-investment","tag-investment-watch","tag-public-investment-fund-pif","tag-saudi-brazil-relations","wpautop","entry"],"acf":{"mongo_id":"16cd9bd4-05f6-4b1f-82fd-76cd31e525c4","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1365.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF to pour USD 15 bn into Brazil\u2019s green economy?","related_issue":[87185],"teaser":"The sovereign wealth fund has several other investments in Brazil","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.b3392312-4b1d-4f89-b40e-57c74bf48a2d.mp3"},"yoast_head":"\nPIF to pour USD 15 bn into Brazil\u2019s green economy? - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIF to pour USD 15 bn into Brazil\u2019s green economy?\" \/>\n<meta property=\"og:description\" content=\"The sovereign wealth fund has several other investments in Brazil\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PIF to pour USD 15 bn into Brazil\u2019s green economy?\",\"datePublished\":\"2024-06-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\"},\"wordCount\":397,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM KSA\",\"Investment\",\"INVESTMENT WATCH\",\"Public Investment Fund (PIF)\",\"Saudi-Brazil relations\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\",\"name\":\"PIF to pour USD 15 bn into Brazil\u2019s green economy? - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-06-23T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PIF to pour USD 15 bn into Brazil\u2019s green economy?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PIF to pour USD 15 bn into Brazil\u2019s green economy? - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/","og_locale":"en_US","og_type":"article","og_title":"PIF to pour USD 15 bn into Brazil\u2019s green economy?","og_description":"The sovereign wealth fund has several other investments in Brazil","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/","og_site_name":"KSA","article_published_time":"2024-06-23T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PIF to pour USD 15 bn into Brazil\u2019s green economy?","datePublished":"2024-06-23T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/"},"wordCount":397,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1","keywords":["EnterpriseAM KSA","Investment","INVESTMENT WATCH","Public Investment Fund (PIF)","Saudi-Brazil relations"],"articleSection":["Investment Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/","name":"PIF to pour USD 15 bn into Brazil\u2019s green economy? - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1","datePublished":"2024-06-23T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/06\/23\/pif-to-pour-usd-15-bn-into-brazils-green-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"PIF to pour USD 15 bn into Brazil\u2019s green economy?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/1365.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/87196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=87196"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/87196\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/87185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/87197"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=87196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=87196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=87196"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=87196"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=87196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}