Abu Dhabi’s Mubadala commits to investing $2.5 billion in clear gas in Brazil

“This settlement underscores the robust partnership between Brazil and the UAE, particularly within the vitality sector, in addition to our dedication to Brazil, a rustic we’ve been investing in since 2012,” Mubadala mentioned in a tweet on Sunday.

“I return to the nation 20 years later to bolster the connection between Brazil and the United Arab Emirates,” Lula wrote on Twitter. “The Emirates is the nation within the area that invests essentially the most in Brazil, will host the COP28 this 12 months and can broaden investments in biofuels and renewable energies.”

Members of the Brazilian delegation and the UAE authorities additionally signed agreements overlaying commerce, sports activities and synthetic intelligence, the Brazilian authorities mentioned on Twitter.