Page 235 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/24/25, 10:46 AM UAE and Argentina Explore new Investment Opportunities at Economic Seminar in Abu Dhabi : GoDubai.com
The seminar was attended by HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and HE
Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), Chairman of
the UAE Chambers, and Chairman of Abu Dhabi Chamber, alongside a distinguished Argentinian delegation led by

Foreign Minister Werthein.

Speaking at the event, HE Dr Thani bin Ahmed Al Zeyoudi emphasized the UAE's commitment to strengthening
economic ties with Argentina and unlocking new opportunities for investment, stating, “Argentina is an important

economic partner for the UAE, and we see significant opportunities to enhance trade and investment flows in sectors
that will shape the future of both our nations. The introduction of RIGI reflects Argentina's ambition to create a world-
class investment environment, and we believe UAE businesses are well positioned to benefit from this new

framework.”

HE Al Zeyoudi also took the opportunity to promote the UAE's own pro-business regulatory environment that, coupled
with its global connectivity, advanced infrastructure and strategic location, offers Argentinian businesses an ideal

platform to expand internationally. Further, Al Zeyoudi highlighted the UAE's expanding global trade relations via its
Comprehensive Economic Partnership Agreement, which make it an attractive gateway for South American
companies seeking access to high-growth markets in the Middle East, Asia, and Africa.

On his part, HE Gerardo Werthein emphasized the significance of strengthening economic and trade cooperation
with the UAE, stating that the launch of the Incentive Regime for Large Investments (RIGI) is a pivotal step toward
creating a more competitive and investor-friendly environment.

He said: 'We are committed to deepening our strategic partnership with the UAE, a global hub for trade and
investment. The RIGI framework presents a key opportunity to attract Emirati investments into Argentina's priority
sectors, including mining, energy, infrastructure, and technology. We look forward to fostering sustainable, fruitful
partnerships that drive mutual growth and further strengthen our economic ties.'

The RIGI program, which offers the global investment community access to projects in key sectors of the Argentinian
economy, is designed to attract large-scale international investments by offering significant incentives across key
sectors, including mining and energy, infrastructure and tourism, technology and advanced industries and

manufacturing. It provides regulatory stability, tax incentives, and long-term predictability for foreign investors,
ensuring that businesses operating in Argentina can expand with confidence and access high-growth opportunities.

The UAE-Argentina seminar concluded with a commitment from both nations to continue strengthening economic
collaboration, exploring joint investment projects, trade partnerships, and new areas of cooperation in the years
ahead. It builds on growing non-oil trade that reached US$537.1 million in 2024, a 68% increase from 2019. Major
Argentinian exports to the UAE include corn, iron pipes, and soybean products, reflecting Argentina's strength in

agricultural and industrial goods. Meanwhile, the UAE exports high-value machinery and tools, supporting Argentina's
growing manufacturing and technology sectors.

In 2018, the two nations took a significant step towards deepening investment ties with the signing of a Bilateral

Investment Treaty (BIT), reinforcing a shared commitment to fostering a transparent and secure investment
environment for businesses in both countries. The UAE also continues to explore closer engagement with South

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