Brazil is expected to receive investments amounting to 1.4 trillion reais (875 billion U.S. dollars) in2012, Brazilian President Luiz Inacio Lula da Silva said Friday.
The amount of investments to be received is based on the confirmed projects, Lula said at the inauguration of a shipyard in Brazil's northeastern Pernambuco state.
Brazil is going through the most extraordinary moment and a number of measures taken since the beginning of his administration in 2003 have yielded good results, Lula said.
He also highlighted the importance of the recently discovered pre-salt layer oil fields.
"The new oil reserves are the hope of richness for the country in future," he said, "Brazil is to become an exporter of petroleum byproducts, but not of crude oil."
Brazil will have five more steelworks companies and five oil refineries in some of its northeastern and southeastern states in the next few years, he noted.
The time has come for Brazil to address some new issues, such as the income gap, said the president.
"We have spent 20 years in discussing inflation rates and external debt, and it is time to discuss the wealth and the increase of poor people in cities' periphery," he said.
Some 3 million Brazilians have shaken off poverty in the past six years, a 26.5-percent reduction in the poverty-stricken population, according to a study released last month by Brazil's Applied Economic Research Institute.
Source:Xinhua
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