{"id":89444,"date":"2024-06-12T12:15:31","date_gmt":"2024-06-12T15:15:31","guid":{"rendered":"https:\/\/murray.adv.br\/?p=89444"},"modified":"2024-06-12T12:15:33","modified_gmt":"2024-06-12T15:15:33","slug":"saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/","title":{"rendered":"Saudi Arabia\u2019s investment fund targets technology, renewables, and soccer in Brazil"},"content":{"rendered":"\n<h6 class=\"wp-block-heading has-text-align-center\"><strong><em>Strategic expansion focuses on key sectors, highlighting Brazil\u2019s role in renewable energy and AI\u2019s growing energy demands<\/em><\/strong><\/h6>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>12\/06\/2024 <\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil.jpg\" alt=\"\" class=\"wp-image-89445\" style=\"width:508px;height:auto\" srcset=\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil.jpg 800w, https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil-300x225.jpg 300w, https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil-768x576.jpg 768w, https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil-705x529.jpg 705w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n<\/div>\n\n\n<p>The Governor of Saudi Arabia\u2019s Public Investment Fund (PIF), Yasir Al-Rumayyan, expressed keen interest in broadening Saudi investments in Brazil. \u201cWe started investing in 2016 through one of our subsidiaries. Now we are focusing on technology, renewable energies, if all goes well, football,\u201d he said at the FII Priority Summit in Rio, an international meeting of leaders and executives that takes place on Wednesday (12) in Rio.<\/p>\n\n\n\n<p>Mr. Al-Rumayyan, who also serves as chairman of the board of the state oil company Aramco and president of the FII Institute, shared that about 80% of PIF\u2019s investments are domestic, primarily in greenfield projects aimed at job creation. \u201cOur remaining 20%, amounting to around $200 billion, is targeted internationally,\u201d he said.<\/p>\n\n\n\n<p>The executive emphasized Saudi Arabia\u2019s commitment to sustainability, stating that the nation is a leader in renewable energy. He noted that fossil fuels can no longer be the basis of business, explaining Aramco\u2019s strategy to decrease oil production and ramp up investment in renewable energy sources.<\/p>\n\n\n\n<p>Mr. Al-Rumayyan raised a crucial issue that often goes unaddressed\u2014the significant increase in energy consumption driven by advances in artificial intelligence.<\/p>\n\n\n\n<p>\u201cEnergy consumption is going to rise substantially with artificial intelligence. The energy needed for one day of ChatGPT is equivalent to the annual consumption of 273,000 homes in California. This presents a major challenge globally, and we must seek renewable energy solutions to power such technologies,\u201d he explained.<\/p>\n\n\n\n<p>He further underscored Brazil\u2019s potential as a \u201ckey player\u201d in the renewable energy sector. \u201cBrazil is very well positioned to be one of the key players [in renewable energy]. What it needs is good regulation and the right people, like those who are here,\u201d he noted.<\/p>\n\n\n\n<p>*Por Victoria Netto, Lucianne Carneiro\u00a0\u2014 Rio de Janeiro<\/p>\n\n\n\n<p>Source: Valor International<\/p>\n\n\n\n<figure class=\"wp-block-embed\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/valorinternational.globo.com\/\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Strategic expansion focuses on key sectors, highlighting Brazil\u2019s role in renewable energy and AI\u2019s growing energy demands 12\/06\/2024 The Governor of Saudi Arabia\u2019s Public Investment Fund (PIF), Yasir Al-Rumayyan, expressed keen interest in broadening Saudi investments in Brazil. \u201cWe started investing in 2016 through one of our subsidiaries. Now we are focusing on technology, renewable [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[25150,19760,25148,25149],"class_list":["post-89444","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-and-soccer-in-brazil","tag-renewables","tag-saudi-arabias-investment-fund","tag-targets-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi Arabia\u2019s investment fund targets technology, renewables, and soccer in Brazil - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia\u2019s investment fund targets technology, renewables, and soccer in Brazil - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Strategic expansion focuses on key sectors, highlighting Brazil\u2019s role in renewable energy and AI\u2019s growing energy demands 12\/06\/2024 The Governor of Saudi Arabia\u2019s Public Investment Fund (PIF), Yasir Al-Rumayyan, expressed keen interest in broadening Saudi investments in Brazil. \u201cWe started investing in 2016 through one of our subsidiaries. Now we are focusing on technology, renewable [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\" \/>\n<meta property=\"og:site_name\" content=\"Murray Advogados\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T15:15:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-12T15:15:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil.jpg\" \/>\n<meta name=\"author\" content=\"Gelcy Bueno\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gelcy Bueno\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\"},\"author\":{\"name\":\"Gelcy Bueno\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"headline\":\"Saudi Arabia\u2019s investment fund targets technology, renewables, and soccer in Brazil\",\"datePublished\":\"2024-06-12T15:15:31+00:00\",\"dateModified\":\"2024-06-12T15:15:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\"},\"wordCount\":326,\"image\":{\"@id\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/murray.adv.br\/wp-content\/uploads\/2024\/06\/Bandeiras_Arabia_saudita_Brasil.jpg\",\"keywords\":[\"and soccer in Brazil\",\"renewables\",\"Saudi Arabia\u2019s investment fund\",\"targets technology\"],\"articleSection\":[\"Murray News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\",\"url\":\"https:\/\/murray.adv.br\/en\/saudi-arabias-investment-fund-targets-technology-renewables-and-soccer-in-brazil\/\",\"name\":\"Saudi Arabia\u2019s investment fund targets technology, renewables, and soccer in Brazil - 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