Brazilian exporters eye GCC opportunities
Over 100 furniture producers to be showcased at Brasil Trade 2010
Leading Brazilian furniture exporters looking to strengthen their standing in the GCC will take part in Brasil Trade 2010, a networking event being held at the Intercontinental Hotel Dubai Festival City from May 9 to 11.
Brasil Trade 2010 will facilitate one-on-one meetings between Brazilian exporters and hosted and local buyers. More than 30 exporters representing over 100 Brazilian producers and manufacturers will meet major importers from the UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, Jordan, Syria and Lebanon during the three-day event.
Brazil’s furniture exports to the GCC reached $1.39 million in 2009. Middle Eastern trade with the South American country has been steadily rising over the past five years, with commercial exchange between Brazil and the Gulf jumping from $2.4 billion in 2001 to $6.3 billion in 2009.
“Middle Eastern countries such as the UAE, the Kingdom of Saudi Arabia, Kuwait, Qatar and Bahrain have become very promising furniture markets with significant growth potential for Brazil,” said Alessandro Teixeira, president of Apex-Brasil, organiser of Brasil Trade 2010.
“The region’s strong tourism sector and high residential demand driven by a young and rapidly expanding population make it a key target for the international furniture trade. Brazilian furniture makers will capitalise on Brasil Trade 2010 to continue their shift towards this burgeoning market,” he added.