United Arab Emirates shows interest for investing in Chile, in various sectorsPublished: July 9, 2010
The economics minister of Emirates, Sultan Ibn Said al Mansuri, highlighted that there are possibilities of investment in construction, agriculture, food industry and copper extraction.
The Emirates Minister of Economy assured today that he would like to strengthen ties with countries in Latin America, under the framework of an international expansion and the open economy policy that the United Arab Emirates (UAE) is following.
The Minister of Economy, Sultan Ibn Said al Mansuri, highlighted that there are promising opportunities for investment in Latin-American countries, especially in Brasil, Argentina and Chile, in a meeting in Dubai with the Chilean ambassador Jean Paul Tarud, according to an official press release.
On his part, Tarud reiterated that Chile's intention is to sign a Free Trade Agreement with the countries that are part of the Gulf Cooperation Council and indicated that they have almost completed an agreement related to civil aviation.
During the meeting they also analyzed the possibilities of Emirate investment in Chile, mostly in the agricultural and construction sectors, the food industry and copper extraction.
According to data from the Emirates Ministry of Economy, Chilean exports to UAE increased from US$62 million to US$162 million between 2006 and 2009.
Source: www.latercera.com