Brazilian Firm Seeks Saudi Investors for $600 Million Climate and Energy Fund
A Brazilian firm is on a mission to attract Saudi investors for a $600 million fund aimed at supporting Brazil’s climate and energy sector.
Partnership with Billionaire Marcelo Claure
EB Capital Gestao de Recursos Ltda, led by billionaire Marcelo Claure, is set to launch the fund in the third quarter of this year, with half of the funds expected to come from Saudi Arabia.
Strengthening Trade and Investment Ties
The initiative falls in line with the efforts to strengthen trade and investment ties between Brazil and Saudi Arabia, opening up new opportunities for Saudi investors.
Diversifying the Saudi Economy
This partnership aligns with Saudi Arabia’s goal of diversifying its economy, reducing carbon emissions, and securing food and commodity supplies.
Attracting Investments in Energy Transition and Agriculture
Brazil is also seeking investments for energy transition and agriculture projects, making this fund a strategic opportunity for both countries.
Future Investment Initiative Institute Summit in Rio
The upcoming summit in Rio de Janeiro, hosted by the Future Investment Initiative Institute, will bring together investors, including Marcelo Claure, and Saudi authorities to discuss investing in renewable energy, artificial intelligence, and social impact.
Investing in Dignity
The theme of the summit, “Invest in Dignity,” highlights the importance of prioritizing the dignity of all citizens in economic decision-making, emphasizing respect and social impact.