The Ministry of Economic system, in collaboration with the Abu Dhabi Chamber of Commerce and Trade, has hosted a high-level UAE-Argentina financial seminar in Abu Dhabi, bringing collectively senior authorities officers and enterprise leaders from each nations to discover new commerce and funding alternatives.
The seminar was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Overseas Commerce, and Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Division of Financial Growth (ADDED), Chairman of the UAE Chambers, and Chairman of Abu Dhabi Chamber, alongside a distinguished Argentinian delegation led by Gerardo Werthein, Argentina’s Minister of Overseas Affairs, Worldwide Commerce and Worship.
The occasion was held on the sidelines of an official go to by Argentina’s Minister of Overseas Affairs and targeted on Argentina’s newly launched funding framework, the Incentive Regime for Massive Investments (RIGI), and its advantages to worldwide traders.
Talking on the occasion, Dr. Al Zeyoudi emphasised the UAE’s dedication to strengthening financial ties with Argentina and unlocking new alternatives for funding, stating, “Argentina is a crucial financial accomplice for the UAE, and we see vital alternatives to reinforce commerce and funding flows in sectors that can form the way forward for each our nations. The introduction of RIGI displays Argentina’s ambition to create a world-class funding atmosphere, and we imagine UAE companies are effectively positioned to learn from this new framework.”
Al Zeyoudi additionally took the chance to advertise the UAE’s personal pro-business regulatory atmosphere that, coupled with its international connectivity, superior infrastructure and strategic location, gives Argentinian companies a great platform to develop internationally.
Additional, Al Zeyoudi highlighted the UAE’s increasing international commerce relations through its Complete Financial Partnership Settlement, which make it a sexy gateway for South American firms searching for entry to high-growth markets within the Center East, Asia, and Africa.
On his half, Werthein emphasised the importance of strengthening financial and commerce cooperation with the UAE, stating that the launch of the Incentive Regime for Massive Investments (RIGI) is a pivotal step towards making a extra aggressive and investor-friendly atmosphere.
He stated, “We’re dedicated to deepening our strategic partnership with the UAE, a worldwide hub for commerce and funding. The RIGI framework presents a key alternative to draw Emirati investments into Argentina’s precedence sectors, together with mining, power, infrastructure, and expertise. We look ahead to fostering sustainable, fruitful partnerships that drive mutual progress and additional strengthen our financial ties.”
The RIGI programme, which gives the worldwide funding group entry to tasks in key sectors of the Argentinian economic system, is designed to draw large-scale worldwide investments by providing vital incentives throughout key sectors, together with mining and power, infrastructure and tourism, expertise and superior industries and manufacturing. It supplies regulatory stability, tax incentives, and long-term predictability for international traders, making certain that companies working in Argentina can develop with confidence and entry high-growth alternatives.
The UAE-Argentina seminar concluded with a dedication from each nations to proceed strengthening financial collaboration, exploring joint funding tasks, commerce partnerships, and new areas of cooperation within the years forward. It builds on rising non-oil commerce that reached US$537.1 million in 2024, a 68% enhance from 2019. Main Argentinian exports to the UAE embody corn, iron pipes, and soybean merchandise, reflecting Argentina’s power in agricultural and industrial items.
In the meantime, the UAE exports high-value equipment and instruments, supporting Argentina’s rising manufacturing and expertise sectors.
In 2018, the 2 nations took a major step in direction of deepening funding ties by signing a Bilateral Funding Treaty (BIT), reinforcing a shared dedication to fostering a clear and safe funding atmosphere for companies in each international locations.
The UAE additionally continues to discover nearer engagement with South American international locations, together with Argentina, by way of direct discussions with Mercosur, the South American commerce bloc, to reinforce market entry and commerce flows throughout the area.
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