Summary of Na Arábia Saudita, Lula diz que Brasil quer ser líder mundial em energia renovável em 10 anos

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During a speech in Riad, Saudi Arabia, at the COP28 climate summit, President Lula of Brazil expressed his goal for Brazil to become the "Arabia Saudita of renewable energy " within the next decade. Lula attended the summit to present Brazil as a global leader in renewable energy, despite the region being the world's largest producer of petroleum. The Brazilian delegation, which included representatives from Petrobras, Vale, Embraer, BRF, JBS, the Economy, Mines and Energy Minister, and the BNDES president, demonstrated Brazil's intention to take advantage of the economic opportunities in the Middle East. Saudi Arabia, which has been relying solely on oil for years, is now seeking to diversify its economy, providing opportunities for foreign companies, including those from Brazil. Lula emphasized the importance of mutual investment between the two countries and discussed the role of the BRICS Bank in lending to emerging economies with low interest rates. After Riad, Lula traveled to Qatar and later Dubai for the UN environmental summit.

• 00:00:00 In this section of the YouTube video titled "Na Arábia Saudita, Lula diz que Brasil quer ser líder mundial em energia renovável em 10 anos," President Lula of Brazil expressed his ambition for Brazil to be known as the "Arábia Saudita of renewable energy" within the next decade during a speech in Riad, Saudi Arabia, to a crowd of local and Brazilian business leaders. The focus of Lula's visit to the region was attending the COP28 climate summit in the United Arab Emirates, where Brazil aims to present itself as a global leader in renewable energy despite the region being the world's largest producer of petroleum. Lula also discussed the importance of the BRICS Bank, which is the investment arm of the BRICS group (Brazil, India, China, Africa, and Russia), and its role in lending to emerging economies with low interest rates. The Brazilian delegation, which included representatives from Petrobras, Vale, Embraer, BRF, JBS, the Economy, Mines and Energy Minister, and the BNDES president, demonstrated Brazil's intention to take advantage of the economic moment in the Middle East. Saudi Arabia, which has been relying solely on oil for years, is now seeking to diversify its economy, providing opportunities for foreign companies, including those from Brazil. Lula emphasized the importance of mutual investment between the two countries, not just Brazil receiving investments from Saudi funds. After Riad, Lula traveled to Qatar and later Dubai for the UN environmental summit.