Text size:

  • Small
  • Normal
  • Large
The Casa Rosada, or government house, in Buenos Aires. Argentina hopes to entice foreign investment into the country. Diego Giudice / Bloomberg News
The Casa Rosada, or government house, in Buenos Aires. Argentina hopes to entice foreign investment into the country. Diego Giudice / Bloomberg News

UAE and Argentina trade links grow stronger

The Life: Argentinian businessmen this month descended on Abu Dhabi and Dubai to holds talk with their Emirati counterparts about shipping goods to the UAE.

Argentina is planning to set up a trade office in Dubai. This month, a flock of Argentinian businessmen descended on Abu Dhabi and Dubai to holds talk with their Emirati counterparts about shipping goods to the UAE.

At the same time, the Argentinian government and businessmen held roadshows to demonstrate the investment opportunities in their country.

Argentina is seeking foreign investment in a number of areas: hotels and tourism, agribusiness and renewable energy. If this effort bears fruit, Buenos Aires could become a more common destination for UAE business travellers.

Carlos Bianco, the undersecretary of the ministry of development and investment, painted a rosy economic picture. Growth has averaged 7.6 per cent since 2003, he pointed out, underlining that it is "sustainable growth" with a good distribution across a variety of sectors. He also noted that Argentina has created 5 million jobs since 2003 and has managed to weather the global downturn better than most.

Mr Bianco also noted that Argentina is strategically located within the region. It is Latin America's number one tourist destination by traveller arrivals (although Brazil pips it on tourist expenditure).

The delegation also presented its online database of investment opportunities, called Bapip (for its acronym in Spanish.) The database contains investment opportunities ranging from US$1 million (Dh3.6m).

Germán Herrera Bartis, the national director of investment promotion strategy and trade at Argentina's foreign ministry, highlighted some of the opportunities available. For example, in the food and beverage sector, there is an opportunity to invest in olive groves. The demand for olive oil is growing at a rate of about 3 per cent a year worldwide and with Spain and Greece in crisis, Argentina is well placed to benefit. In the tourism sector, one of the projects is a holiday village about 40km from Iguazu Falls, Argentina's second most popular tourist destination.

The website is bapip.inversiones.gov.ar.

 

lgutcher@thenational.ae

Back to the top

More articles


Editor's Picks

 Cityscape Abu Dhabi 2014 will run until April 24, 2014. Fatima Al Marzooqi / The National.

In pictures: Cityscape Abu Dhabi 2014 opens
at Adnec

Key developments and master plans are being unveiled at this year’s property exhibition in the capital.

 Marina Square apartments Reem Island: Q1 2% rise. Studio - Dh65-68,000. 1BR - Dh75-95,000. 2BR - Dh110-145,000. 3BR - Dh170-190,000. Q1 2013-Q1 2014 no change. Sammy Dallal / The National

In pictures: Where Abu Dhabi rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Abu Dhabi have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Room with a view from one of the 21 duplex penthouses located in the Gate Towers sky-bridge. The sports courts and swimming pools can be seen below. Courtesy Alda

In pictures: Aldar’s Gate Towers Penthouse Collection on Reem Island

Aldar launched its Gate Towers Penthouse Collection at Cityscape Abu Dhabi. The launch features 21 penthouses spanning the skybridge, with each having a private indoor pool and incredible views.

 The Wind, Energy, Technology and Environment Exhibition takes place from April 14 to April 16. Above, the Dewa showroom during last year’s Wetex. Jaime Puebla / The National

April corporate and economic calendar for the UAE and overseas

From Cityscape to Wetex to stock-market holidays to nations reporting first-quarter GDP figures, here is our helpful calendar of April's business events in the UAE and internationally.

 The Greens, villas: Q1 no change. 3BR - Dh210-250,000. 4BR - Dh210-260,000. 5BR - Dh220-300,000. Q1 2013-Q1 2014 5% rise. Pawan Singh / The National

In pictures: Where Dubai rents have risen and fallen, Q1 2014

Find out how rental prices in the prime locations in Dubai have altered during the first three months of the year and the current rates you will pay according to data provided by Asteco.

 Get the latest information on credit cards, bank accounts and loan products in the UAE. Mark Lennihan / AP Photo

Rates report: Latest on UAE loans, accounts and credit cards

Souqamal.com brings you the latest interest rates on banking products in the UAE.

Events

To add your event to The National listings, click here

Get the most from The National