Member of the Palestine Liberation Organization's executive committee Hanan Ashrawi (file photo) "These are provocative and illegal steps that will only destabilize security and stability in the region", Hanan Ashrawi, a member of the PLO's executive committee, told AFP.
Those investments have become more valuable with the Brazil currency rallying ahead of Bolsonaro's victory on October 28, and the improved business climate will lure other potential buyers, Sachin Shah, the chief executive officer for Brookfield's renewables division, said in a conference call.
The US and Guatemala have recently moved their embassies to Jerusalem, but most countries choose to remain in Tel Aviv.
The broad brushes of his plans have diplomats, political analysts and former government officials warning that such moves could isolate the regional powerhouse instead of opening new markets, which Bolsonaro has said he wants to do by enacting widespread privatization of state industries.
The United States officially moved its embassy from Tel Aviv to Jerusalem on May 14.
But there was an enthusiastic response from Israeli President Benjamin Netanyahu.
Seven Killed in Attack on Coptic Christians Bus in Egypt
The government imposed a three-month state of emergency across the country after the April 2017 church bombings. In December 2017, an ISIS gunman killed nine people in an attack on a church in a south Cairo suburb.
Global consensus has been that the city's status must be negotiated between the two sides.
If Mr Bolsonaro follows through on his pledge, Brazil would become the third country to have an embassy in Jerusalem, after the U.S. and Guatemala.
Israel occupied east Jerusalem in the 1967 Six-Day War and later annexed it in a move never recognized by the worldwide community.
If Bolsonaro follows through on his pledge, Brazil would become the third country to have an embassy in Jerusalem, after the USA and Guatemala. Israel claims all of the city, including the eastern sector, home to Jerusalem's most important religious sites, as its eternal capital.
"In the case of recognizing Jerusalem as the Israeli capital, for example, it would be throwing away $6 billion per year in poultry sales to Arab countries", Barbosa said, noting that Brazil is one of the world's largest poultry and beef exporters.
Bolsonaro on Thursday announced his intention to relocate the Brazilian Embassy from Tel Aviv to Jerusalem once he formally assumes the presidency.
Bolsonaro, 63, who won a run-off election on Sunday, has outraged many with his overtly misogynistic, homophobic and racist rhetoric.