Under the patronage of His Excellency the Minister of Investment Eng. Khalid Al-Falihand Brazil’s Vice-President Geraldo Alckmin, THIQAH a company owned by the Saudi Public Investment Fund and the Brazilian-Saudi Center for Investment, Trade, and Industry signed a memorandum of understanding during the Brazilian-Saudi investment forum, which was held on Monday, July 31, 2023, in the Republic of Brazil. A delegation from the Kingdom participated under the Invest Saudi initiative, aiming to provide digital solutions that helps in facilitating the trade between the Kingdom of Saudi Arabia and Republic of Brazil, and benefit from THIQAH digital solutions for strengthening and supporting  the Brazilian exports to the Saudi market and manufacturers in the industrial and commercial sectors. 

The signing ceremony took place in São Paulo, Brazil, where the Executive Chief of the Commercial Sector and Strategic Partnerships of THIQAH, Eng. Bader bin Abdullah Al-Omari, and the CEO and Vice President of the Saudi Brazilian Center, Mr. Marcus Urata, signed the memorandum.

Al-Omari expressed his gratitude upon signing the memorandum of understanding after the multitude of success achieved by THIQAH through its smart solutions, international expansion, as well as the great collaboration that led to the introduction of this solution in Brazil. The service introduced by THIQAH promises to strengthen the exporters and manufacturers in the industrial and commercial sectors, as it is also one of the basic services in organizing and determining the origin of the products exported abroad, which helps with the growth of exports in the country of origin and the improvement of the economy. In addition, the service facilitates and accelerates the exports process electronically.

On the other hand, the Centro de Investimentos, Comércio e Indústria do Brasil e da Arábia Saudita "CICIBAS", It is a direct bridge of business and investments between the two countries.