Abu Dhabi Investment Authority (Adia) is investing in two towers in Rio de Janeiro, Brazil.
Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan, who is on a visit to the South American nation, inspected the construction progress of the towers.
Earlier in Brasilia, Sheikh Abdullah held talks with Minister of External Relations of Brazil Celso Amorim and discussed means of enhancing co-operation in areas of economy, trade and investment between the two nations.
The UAE side called for concluding bilateral agreements on avoidance of double taxation and encouragement and protection of investment.
Arrangements for the upcoming visit of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, to Brazil next year were also discussed.
The two sides also examined the role of private sector in boosting bilateral co-operation.
Strssing the importance of the Brazilian consumer market, Sheikh Abdullah said: "The UAE aspires to push economic co-operation ahead and is ready to extend all possible assistance to Brazilian companies operating in sectors such as tourism, trade, renewable energy and real estate and encourage them to invest in the UAE market.
"The UAE will continue with its open-door policy to attract more foreign investments."
Sheikh Abdullah invited Brazilian firms to establish joint industrial ventures with UAE partners and share their experience and knowledge in various sectors. The Brazilian minister also invited the Emirate to open a UAE consulate in Rio de Janeiro.
Later, Sheikh Abdulla met Sergio Cabral, Governor of the State of Rio de Janeiro, who briefed him on the projects under construction. He expressed his willingness to boost co-operation between the two nations and also benefit from the UAE development model.
Brazil is the major trade partner of the UAE with trade exchange reaching $300 million.
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