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Israel has said the Brazilian president is persona non grata until he apologises for remarks he made on Sunday likening the Gaza war to the Holocaust.
Lula said his government would work to undo a legacy of economic decline, funding cuts in health, education and science, and the "stupidity" of plundering the nation's resources for private gain.
Electoral officials declared the election for Lula, who had 50.9 percent of the vote to 49.1 percent for Bolsonaro with more than 99.9 percent of polling stations reporting.
Brazil is "reclaiming climate leadership" on the world stage, according to Lula allies.
The move came after Lula promised purge Bolsonaro loyalists from security forces after thousands of anti-democracy rioters stormed the Brazilian Supreme Court and Congress.
Thousands of demonstrators calling for a military coup to oust Lula and restore Bolsonaro to power stormed the Supreme Court, Congress and the presidential palace on Sunday, leaving a trail of smashed windows, furniture, computers and artwork.
Lula celebrated the findings of a UN rights committee earlier in the day that a graft case that jailed him and blocked his presidential candidacy in 2018 had violated due process.
The visit's date has not yet been decided, but it would take place before Christmas, a source familiar with the matter said.
Baghdad-mediated talks between Iran and Saudi Arabia had been lauded as a breakthrough that could help ease long-running tensions between the two regional powerhouses.
A Reuters witness said sirens and helicopters could be heard from the hotel where President-elect Lula was staying. Brasilia's military police said a backpack had been found and the bomb squad had been called out of precaution.