Headline Bloomberg:
Saudis Woo Billionaires in Rio as Wealth Fund Taps Latin America
Kingdom officials glad-hand with Brazil brass in Copacabana
PIF’s Al-Rumayyan says he’s eyeing tech, green energy, mining
The article you can read here: https://archive.is/n1JzH
Quote
“Brazil and Saudi Arabia are part of the global south,” Lula told attendees on Wednesday. “We can’t go through another century only depending on the north.”
Organized by the Future Investment Initiative Institute, a nonprofit linked to the sovereign wealth fund of Saudi Arabia, the conference in Rio de Janeiro is part of the kingdom’s push to raise its profile and diversify its oil-dependent economy by tapping into resource-rich Latin America. For Brazil’s political and business leaders, it was a rare chance to mingle with the entourage around the Public Investment Fund’s Al-Rumayyan and the billions of dollars that are doled out each year.
Organized by the Future Investment Initiative Institute, a nonprofit linked to the sovereign wealth fund of Saudi Arabia, the conference in Rio de Janeiro is part of the kingdom’s push to raise its profile and diversify its oil-dependent economy by tapping into resource-rich Latin America. For Brazil’s political and business leaders, it was a rare chance to mingle with the entourage around the Public Investment Fund’s Al-Rumayyan and the billions of dollars that are doled out each year.
It reads as it the global south initiative reigns from the top. Revolutions are rarely succeeding when arraigned from the top.
This time it might be different, most have noted that antifa is now defending Nestle and co.