GCC Investors Urged to Diversify into Brazil

UIB's Raul Silva is encouraging Brazilian investment as part of a diversification strategy.

At a conference held in DIFC CEO Raul Silva of Dubai-based United Investment Bank urged GCC investors to diversify into Brazil. Silva commented, ‘Brazil is set to become the world’s fifth largest consumer market in the next decade. When you witness the rising purchasing power of the lower and middle classes in the largest country of Latin America, with a population of 190 million people, and a large diversity and abundance of natural resources (farm land, sweet water, minerals and oil, just to name a few) there is no arguing against Brazil’s potential as a market for investment. The key question is simply how it can be accessed.’ Banks like UIB are increasingly promoting the benefits and opportunities of expanding into emerging markets.

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