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Former president appeals for Qatari investment in Brazil
23/04/2012
Brazil's former president, Fernando Henrique Cardoso, has appealed to Qatari investors to consider the possibilities offered in the Latin American country.
Mr Cardoso explained that Brazil's "rapidly expanding economy offers attractive opportunities" for investment, including the country's infrastructure, real estate market, energy and financial sectors.
Speaking to the Gulf Times, he remarked: "We have some big construction companies in Brazil with considerable experience in building roads among other projects in Iraq, Iran and North African countries. Our robust financial sector can also co-operate with yours."
Indeed, the country's economy has proven to be particularly robust of late. As other regions of the world struggle to return to growth after the financial crash, Brazil recently overtook Britain to become the world's sixth largest economy and is forecast to grow at a rate of 2.7 per cent this year and 5.3 per cent in 2013.
According to the former president, who held power from 1995 to 2003, Brazil's strong economic performance is a result of the major reforms introduced in the region from the early 1990s onwards.
"These reforms continue and have established a sound financial system in our country. Our banks are well regulated," he explained.
Mr Cardoso explained that Brazil's "rapidly expanding economy offers attractive opportunities" for investment, including the country's infrastructure, real estate market, energy and financial sectors.
Speaking to the Gulf Times, he remarked: "We have some big construction companies in Brazil with considerable experience in building roads among other projects in Iraq, Iran and North African countries. Our robust financial sector can also co-operate with yours."
Indeed, the country's economy has proven to be particularly robust of late. As other regions of the world struggle to return to growth after the financial crash, Brazil recently overtook Britain to become the world's sixth largest economy and is forecast to grow at a rate of 2.7 per cent this year and 5.3 per cent in 2013.
According to the former president, who held power from 1995 to 2003, Brazil's strong economic performance is a result of the major reforms introduced in the region from the early 1990s onwards.
"These reforms continue and have established a sound financial system in our country. Our banks are well regulated," he explained.
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