Brazil Wants to Reduce Its Trade Deficit with Algeria by Building Houses

Brazil’s Minister of Development, Industry and External Trade, Luiz Fernando Furlan, said today that Brazil may reduce the trade deficit with Algeria, through new business initiatives in the country, especially in the civil construction area.

Furlan integrates the presidential delegation that today began a trip to four African countries.

According to the Minister, there are great opportunities in the popular housing area, because the Algerian government intends to build 500,000 houses per year.

There is already a Brazilian consortium disputing participation on the project. In addition, there is also a US$ 60 billion infrastructure program, to be developed in five years.

Furlan said that two large Brazilian companies – Norberto Odebrecht and Andrade Gutierrez – are bidding to build a 1,220-km road.

Algerian President, Abdelaziz Bouteflika, told Furlan that the bid would not only consider the price issue, but it would also assess the capability of the companies and countries to keep up with the support and commitment.

Furlan affirmed that Brazilian companies may also get involved with trailers assembly in Algeria. And he added that Brazilian oil company, Petrobras, may establish a partnership with the Algerian Sonatrach.

ABr

Tags:

  • Show Comments (1)

  • Guest

    Algeria is not wealthier than Brazil !
    And Algeria is smaller too !

    Then how can Algeria government afford to build 500’000 houses per year and will spend US$ 60 billions in infrastructure programs in the next 5 years ?

    Can anyone understand that something is wrong as to what the Brazilian government do for the benefir of their own citizens ??????

    That is unfair….to you !

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Argentineans protest against Uruguayan pulp plant

After Two Years Brazil Gets Involved in Argentina-Uruguay Mill Dispute

Brazil expressed complacence on Monday at the resumption of dialogue between Argentina and Uruguay ...

National Jingle

A Brasília theatrical group created new lyrics for the national anthem and it’s been ...

Brazil and Venezuela Sign Oil Agreement

Petrobras (Brazilian Petroleum S.A.) and PDVSA (Venezuelan Petroleum S.A.) will sign a protocol of ...

While Weaning Out of Bolivia’s Gas Brazil Considers the Middle East

Brazilian oil giant Petrobras is studying the possibility of building units for the conversion ...

Romero Lubambo: A Brazilian Musical Talent Seasoned with Math and Physics

If you have never heard about this prolific jazz arranger and guitarist, rest assured ...

Brazil to Boost Protection to Children Threatened with Death

By the end of 2006, Brazil’s Secretariat of Human Rights’ Special Protection Program for Children ...

Brazilian Supreme Knocks Down Congress’s 91% Hike, But They Still Want It

The Brazilian Supreme Court (STF) granted unanimously, on Tuesday, December 19, a preliminary injunction ...

Torture, death squad, 9,000 Killed in 5 years: a Portrayal of Brazil’s Police

One of the main criticisms of Brazil appearing in the Amnesty International Report 2006 ...

Lula Promises to Make Brazil an OPEC Member and World’s Greatest Energy Power

Brazilian President Luiz Inácio Lula da Silva promised an "energy revolution" that will make ...

Brazil Appeals that Maids Be Given the Benefit of the Law

During the week in which International Women’s Day is commemorated, the Brazilian government will ...