Page 341 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/20/25, 4:07 PM UAE, Argentina Explore New Investment Opportunities | Pakistan Point
environment, and we believe UAE businesses are well positioned to benefit from this new
framework.”

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, Werthein emphasised 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 programme, 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 by signing 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 American countries,
including Argentina, through direct discussions with Mercosur, the South American trade bloc, to
enhance market access and trade flows across the region.

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