Page 343 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/20/25, 4:07 PM UAE and Argentina Strengthen Economic Ties with New Investment Opportunities - UPPERNEWS - UAE news, Dubai news, techn…
newly launched Incentive Regime for Large Investments (RIGI), which aims to attract global investors with benefits
like tax incentives and regulatory stability.

Dr. Al Zeyoudi underscored the UAE’s interest in enhancing trade and investment ties with Argentina, particularly in
sectors like technology, energy, and infrastructure. He also highlighted the UAE’s pro-business environment and its
strategic location as a hub for South American businesses to expand into the Middle East, Asia, and Africa.

Gerardo Werthein emphasized Argentina’s commitment to strengthening cooperation with the UAE. He noted that the
RIGI program is a key step toward creating a competitive investment climate and invited Emirati investors to explore
opportunities in Argentina’s priority sectors, including mining, tourism, and advanced industries.

The seminar concluded with a pledge from both nations to work together on joint projects, trade partnerships, and
new areas of collaboration. Trade between the UAE and Argentina has seen significant growth, with non-oil trade
reaching $537.1 million in 2024, a 68% increase since 2019.

Key exports from Argentina to the UAE include agricultural products like corn and soybean derivatives, while the
UAE supplies high-value machinery to support Argentina’s manufacturing and technology sectors.

Both countries are also looking to expand cooperation through discussions with Mercosur, the South American trade
bloc, to improve market access and trade flows across the region.

The relationship between the UAE and Argentina has been bolstered by the 2018 Bilateral Investment Treaty, which
established a framework for secure and transparent business operations in both nations.

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