Page 345 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 2

2/20/25, 4:07 PM UAE And Argentina Expand Trade, Unlock New Investment
Argentina has recently introduced the Incentive Regime for Large Investments (RIGI), a framework
designed to attract foreign capital into sectors such as steel, infrastructure, energy, and technology.
The initiative aims to create a world-class investment environment by offering regulatory stability, tax
incentives, and long-term predictability for international investors.

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During the discussions, UAE Minister of State for Trade Affairs, Dr. Thani bin Ahmed Al Zeyoudi,
underscored the UAE’s commitment to expanding investment opportunities. “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,” Al Zeyoudi stated.

Trade between the two countries has been on an upward trajectory, with non-oil trade reaching
$537.1 million in 2024—a 68% increase from 2019. Argentina’s primary exports to the UAE include
corn, iron pipes, and soybean products, highlighting the country’s agricultural and industrial
strengths. Meanwhile, the UAE exports high-value machinery and tools to Argentina, supporting its

manufacturing and technology sectors.

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