During the FII Institute summit in Rio de Janeiro, Brazil's energy minister announced that Saudi Arabia's Public Investment Fund (PIF) is set to invest $15 billion in sectors such as green hydrogen, infrastructure, and renewable energy in Brazil. The summit, hosted by the FII Institute, a Saudi nonprofit backed by the PIF, focuses on investments that aim to have a positive impact on humanity, including artificial intelligence, education, health care, and sustainability. This partnership reflects Saudi Arabia's interest in mining, trade, and geopolitical shifts, as seen in recent investments in Brazil's mining sector and technology companies. The summit also emphasized the economic ties between Saudi Arabia and Brazil, with a significant focus on meat and energy trade. The event coincided with the BRICS meeting in Russia, showcasing potential alliances and partnerships in the new global order. Overall, the investment and partnership between Saudi Arabia and Brazil in green hydrogen, infrastructure, and other sectors highlight a positive outlook for both countries' economic cooperation and development.