Brazilian President Luiz Inácio Lula Da Silva and his entourage reached an agreement with the United Arab Emirates which foresees investments worth R$ 12 billion (around US$ 2.45 billion) in Bahia, Agencia Brasil reported.
The United Arab Emirates and Brazil signed several agreements on Sunday during President Jair Bolsonaro's visit to Abu Dhabi, which marks his first official trip to the Arab world. He arrived in the UAE on Saturday and is set to head to Qatar and Saudi Arabia, where he will take part in the Future Investment Initiative.