Economic Sustainability Forum in the Amazon Region’ this October

Economic Sustainability Forum in the Amazon Region’ this October

The Arab-Brazilian Chamber of Commerce (ABCC) has announced its first-of-its-kind ‘Brazil – UAE: Economic Sustainability Forum in the Amazon Region’ to be held on October 3, 2021, in Dubai. ABCC will host the forum in cooperation with the Ministry of Economy of the UAE and the Federation of the UAE Chambers of Commerce and Industry.

Top government and private sector figures led by Brazilian Vice President H.E. Hamilton Mourão and H.E. Abdulla Bin Touq Al-Marri, UAE’s Minister of Economy, will headline the first edition of the high-profile forum. Brazilian Ambassador to the UAE Fernando Igreja will lead the opening ceremony alongside H.E. Abdullah Mohammed Al Mazrouei, Chairman of the Federation of UAE Chambers of Commerce and Industry and H.E. Marcos Montes Cordeiro, Executive Secretary, Ministry of Agriculture of Brazil. Her Excellency Mariam bint Mohammed Al Mheiri, UAE’s Minister of Climate Change and Environment is the forum’s high-ranking key speaker. They will be joined by key decision-makers, entrepreneurs, investors, traders, and representatives from the UAE and Brazil’s business communities.

The discussions will be divided into three sessions with key themes. The first session will look into the ‘Partnership in Innovation and Digital Technologies for Sustainable Development’. The second and third sessions will focus on the ‘Cooperation between the UAE and Brazil in Food Security and Environmental Sustainability’ and ‘Economic and Business Sustainability – leading experiences from the UAE and Brazil’ respectively.

Osmar Chohfi, President of ABCC, said: “The upcoming sustainability forum is a venue where stakeholders could explore untapped current and future opportunities and new paradigms that have emerged amid a myriad of environmental and social challenges. It comes at a time when the sustainability movement has accelerated, especially during this pandemic. Sustainability, being an important pillar of the economic diversification policies of some of the Arab nations, is offering Brazil and the Arab region another area to expand their ties. The event will serve as an ideal place to examine how their alliance can benefit from this important concept, as well as tackle the most innovative solutions to a wide range of environmental issues.”

“During the forum, we will provide information, analysis and discussions on sustainability standards and more at the intergovernmental level. The attendees will emphasize why is there a need for us to change our mindset and approach in light of the latest global developments. They will dive deep into how companies can capture multibillion-dollar opportunities arising from the mounting sustainability calls. Within this context, the forum will contribute to the global community’s efforts to build a resilient economy that acknowledges the limits of our natural resources and mitigates the impact of human activities on the environment,” Chohfi added.

The ‘Brazil – UAE: Economic Sustainability Forum in the Amazon Region’ will take place amid the UAE’s increased environmental sustainability initiatives in line with its Vision 2021 and National Agenda. The Emirates targets to generate 27 percent of its energy requirements from renewable sources, bring down its per capita greenhouse gas emissions and deploy agricultural technology to achieve a 30 per cent productivity improvement within the sector. Furthermore, it has allocated USD 544 million to build a sustainable city in the country while USD 1.63 billion in investments were raised to Dubai a ‘Green Paradise’ by 2025.

On the other hand, Brazil, considered a global leader in the renewable energy transition, is well-positioned to share its experiences on how to strike a balance between economic growth and the environment. More than 46 per cent of the country’s energy grid is powered by renewable energy sources today. Worldwide, Brazil has the third-largest renewable electricity generation capacity.

Complete details on the upcoming ‘Brazil – UAE: Economic Sustainability Forum in the Amazon Region’ are available at here.

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