From tourism to agriculture, Argentina is an economy with much to offer the UAE

Argentine Republic was the first Latin American country to establish an embassy in the UAE
By Fernando de Martini
Sun 25 Feb 2018 03:52 PM

Two years after arriving as the Ambassador of the Republic of Argentina in UAE, I remain very enthusiastic about the results of the efforts that both the official and the private sectors are making to grow our friendship and cooperation. It is always this combination of efforts that delivers the best results.

The Argentine Republic was the first Latin American country to establish an embassy in the United Arab Emirates and since then the relationship has been characterised by confidence and trust.

We have had the very great pleasure of hosting top-level visits from the United Arab Emirates, such as HH Sheikh Abdullah Bin Zayed Bin Sultan Al Nahyan and HH Hamed Bin Zayed Al Nahyan, as well as a great number of CEOs, businessmen and tourists.

At the embassy here, we hosted the visit of the Vice President of the Republic of Argentina, Gabriela Michetti, and several governors. We also had the honour of welcoming the President of the Nation, Mr Mauricio Macri, who, accompanied by a group of ministers and dignitaries, arrived with proposals and projects that will definitely bring our nations even closer. The result was a memorandum of understanding regarding visa exemptions, which will further foster business and tourism exchange and agreements to facilitate investment.

Argentina is working constantly to keep a close relationship with the UAE. While there is a lot to work on, I am convinced we are on the right path. Argentina is seeking foreign investment in a number of areas: hotels and tourism, agribusiness, oil and gas infrastructure, mining and renewable energy. If these efforts bear fruit, Buenos Aires could become a more common destination for UAE business travellers.

Bilateral opportunities

The Argentine economy is going through a period of positive growth after a series of reforms. Also, Argentina is strategically located within the region and is Latin America’s number one tourist destination by traveller arrivals.

The tourism sector moves $139bn per year and the government remains committed to investing in it further. By 2019, $20bn will be invested by the nation’s Ministry of Tourism, provincial governments and international investors, particularly in the hotel industry, thermal complexes, transport and ski centres. Corporate tourism also plays a role: there will be $1bn invested in convention centres in the upcoming decade.

Also, Buenos Aires will be the first Latin American city in history to host one of the most important business events in the world EXPO 2023. Under the theme of “Creative Industries in Digital Convergence”, the expo will highlight the importance of the digital technology industries in the modern world. It will take place from January 15 to April 15, 2023, and more than 100,000 daily visits are expected. The mission of Expo 2023 is to continue the legacy of EXPO 2020 in Dubai.

UAE is a strategic market for Argentine exports. Growing food exports to the UAE is an opportunity we maintain a strong focus on. Argentina is a country of 45 million inhabitants with the capacity to produce food for 400 million people.

The Argentine economy is going through a period of positive growth after the recent reforms, and it’s one we’re now offering up to the world – and especially our friends in the United Arab Emirates.

Fernando de Martini, Ambassador of Argentina to the UAE

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Last Updated: Tue 27 Feb 2018 04:11 PM GST

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