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12 Apr 2012

Business opportunities on agenda for 2012 Brazil mission

Minister Sam Hamad <i>(©Assemblée nationale du Québec)</i>

With the FIFA World Cup in 2014 and the Summer Olympics in 2016, Rio de Janeiro offers excellent business and innovation opportunities for Québec companies and research institutes wishing to invest in, export to or collaborate with this State. It was on this positive note that the economic mission headed by Minister of Economic Development, Innovation and Export Trade (MDEIE), Sam Hamad, got underway on Monday, April 9, in Brazil.

Québec know-how

Accompanied by representatives from Québec companies, Minister Hamad met with the Director for Institutional Relations of the Rio2016 Organizing Committee, Agemar de Mendonça Sanctos, who is charged with planning, preparing and delivering the 2016 Summer Olympics. Over $8.5 billion will be invested in Rio de Janeiro by the Brazilian government for:

  • Sports facilities
  • Public transport services
  • Subway expansion
  • Water and sewage systems
  • IT systems
  • Security
  • Tourist facilities


“Many Québec companies possess the know-how needed to participate in the efforts to prepare and deliver these events,” said Minister Hamad.

Discussions on the Plan Nord

Mr. Hamad also met with Patrícia Mantovani, Business Director at Companhia Vale do Rio Doce, a multinational mining company, one of the biggest logistics operators in Brazil and a leading iron ore producer and exporter. The meeting was also a good opportunity to discuss the Plan Nord, which has considerable appeal for Brazilian investors.

A meeting was also held with the Federation of industries of Rio de Janeiro (FIRJAN), which was attended by representatives of Québec boards of trade. FIRJAN represents 9,170 companies and is looking to organize a trade mission to Canada this coming September. The Minister officially invited it to make a stopover in Québec.

Continuation of the mission in São Paulo

The group of representatives from some fifty companies, organizations and research institutes moved on to join the Premier’s mission in São Paulo on April 13.

MDEIE
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