Dubai is keen to tap into Brazil's growth through investment, as the country's director of Chamber of Commerce and Industry has just revealed.
At the ‘Country Focus Briefing: Brazil' forum (April 19th 2011), His Excellency Hamad Buamim claimed that Brazil offers a variety of investment opportunities. With a soaring economy, growing industry and agriculture and a booming yet under-developed property market, Brazil is becoming 2011's hot investment tip.
“Brazil has an impressive calendar of international events lined-up for the next five years, including the 2014 FIFA World Cup and the 2016 Olympic Games, which will help create opportunities in tourism, hospitality and leisure sectors,” according to Buamim.
Focus on tourism boosts Brazilian property investment
Buamim has focused on
Brazil's tourism sectors because these offer great opportunities for growth as well as particularly attractive investment opportunities within the country's property market.
The
2014 World Cup and 2016 Olympics promise to draw swathes of international tourists to Brazil – and not just to internationally-renowned cities such as Sao Paolo and Rio de Janiero.
Both the World Cup and the Olympics are being spread across the country, with host cities including
Salvador in the north-eastern state of Bahia. This promises to boost international awareness and tourism, as well as offer a much-needed infrastructure upgrade across the relatively under-developed northeast.
With former president Lula's enlightened policies having propelled up to seven million people into the
middle class ,domestic tourism is rapidly becoming big business in Brazil. Tourist destinations such as Bahia – Brazil's number one domestic
holiday location – are set to particularly benefit from the country's growth.
Brazil's growth boosts property investment opportunities
It's little surprise that Dubai is so keen to invest in Brazil. As a
BRIC nation, the country boasts one of the world's
fastest-growing economies, with a healthy 7.5% growth rate in 2010.
Brazil is also a safe bet for overseas investors. The government is keen to boost foreign direct investment, and
overseas investors enjoy the same rights as their domestic counterparts.
Brazil's
stable democracy – as demonstrated by the recent general election, where power was peacefully transferred – and robust legal system promise a
secure property investment.
With high prospective returns, a buoyant and growing market, and good deals still available, a Brazil investment is understandably attractive to global business experts and individual investors alike.
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