UAE, Argentina explore new investment opportunities
UAE and Argentina Explore New Investment Opportunities
In Abu Dhabi, the Ministry of Economy, along with the Abu Dhabi Chamber of Commerce and Industry, hosted a significant economic seminar between the UAE and Argentina. This event brought together key government officials and business leaders from both countries to discuss new trade and investment opportunities.
Key Figures and Attendees
The seminar was attended by Dr. Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development. The Argentinian delegation was led by Gerardo Werthein, Argentina's Minister of Foreign Affairs, International Trade and Worship.
Focus on Investment Framework
The seminar highlighted Argentina's new investment framework, the Incentive Regime for Large Investments (RIGI), which aims to attract international investors. Dr. Al Zeyoudi emphasized the UAE's commitment to strengthening economic ties with Argentina, noting the potential for increased trade and investment in future-shaping sectors.
Al Zeyoudi also promoted the UAE's pro-business environment, which offers Argentinian businesses a strategic platform for international expansion. He highlighted the UAE's Comprehensive Economic Partnership Agreement as a gateway for South American companies to access high-growth markets.
Statements from Leaders
Gerardo Werthein stressed the importance of enhancing economic cooperation with the UAE. He stated that the RIGI framework is crucial for attracting Emirati investments into Argentina's key sectors like mining, energy, and technology.
Conclusion and Future Prospects
The seminar concluded with a commitment to continue strengthening economic collaboration and exploring joint investment projects. The UAE and Argentina have seen a significant increase in non-oil trade, reaching USD 537.1 million in 2024. Both nations aim to build on this growth through ongoing partnerships and discussions with the South American trade bloc, Mercosur.
Doubts Revealed
UAE
UAE stands for the United Arab Emirates, a country in the Middle East known for its modern cities like Dubai and Abu Dhabi.
Argentina
Argentina is a large country in South America, famous for its tango dance, beef, and beautiful landscapes like Patagonia.
Abu Dhabi
Abu Dhabi is the capital city of the United Arab Emirates and is known for its rich culture and modern architecture.
Dr. Thani bin Ahmed Al Zeyoudi
Dr. Thani bin Ahmed Al Zeyoudi is a government official from the UAE, involved in economic and trade matters.
Gerardo Werthein
Gerardo Werthein is a representative from Argentina, likely involved in economic or trade discussions.
Incentive Regime for Large Investments (RIGI)
RIGI is a new plan by Argentina to attract big investments from other countries by offering special benefits.
Non-oil trade
Non-oil trade refers to the exchange of goods and services that do not include oil, such as food, technology, and clothing.
Pro-business environment
A pro-business environment means a place where the government makes it easy for businesses to start and grow, with friendly rules and support.
Strategic location
Strategic location means a place that is in a good position for trade and business, making it easy to connect with other countries.
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