• Categories
  • Archives

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Your email address will not be published.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

Brazil Sugar Sales Make Up in Part for Fall of Ethanol Exports to US

Figures disclosed by the São Paulo Sugarcane Agroindustry Union (Unica) show that Russia, India, ...

Brazil Has a Huge Blind Spot in the Amazon Air Space. Here’s Proof.

A veteran air traffic controller from Brazil has shown on Brazilian TV, this Sunday, ...

For First Time Presidential Candidate Rousseff Appears in the Lead for October Election

Brazil’s presidential candidate Dilma Rousseff leads in vote intention with 38% compared to 35% ...

Brazil Police Suspected of Shooting Journalist Covering Police Corruption

Paris-based freedom of press organization Reporters Without Borders is urging Brazilian authorities to lose ...

Brazil Domestic Demand Heats Up and Industry Grows 6%

Brazil's industry ended the first ten months of 2007 with an accumulated growth rate ...

Who’s Afraid of the PT?

Who is killing the PT leaders? Two main opposing views have surfaced. One is ...

Culture Spots: a Brazil Plan to Spread the Brazilian Way

The creation of Culture Spots (Pontos de Cultura) abroad is intended to help Brazilians ...

Contrary to Experts Brazil’s Finance Minister Forecasts a Minimum 4% GDP Growth

Guido Mantega, Brazil’s  Finance Minister is still maintaining his estimate of growth of between ...

Don’t Let Your Guard Down, Experts Warn

Advertorial H1N1 virus has no cure, but there is a way to prevent it ...

Brazil’s Lula Mocks NY Times Injunction

It’s the understanding of the Lula administration that the sentence by an Appellate Court ...