During her stay, Al Hashimy met with key Uruguayan officials, including Foreign Minister Francisco Bustillo. Discussions centered on trade agreements, investment opportunities, and collaboration in sectors such as renewable energy, technology, and agriculture. Both countries expressed a strong commitment to exploring joint ventures and enhancing trade flows.
Uruguay’s strategic location in South America presents numerous opportunities for UAE businesses looking to expand into the region. The two countries are keen to leverage their strengths, with Uruguay serving as a gateway for UAE investments into Latin America. Meanwhile, the UAE’s position as a global trade hub offers Uruguayan businesses access to markets across the Middle East, Africa, and Asia.
Al Hashimy highlighted the UAE’s interest in Uruguay’s agricultural sector, particularly in livestock and dairy products. She noted the potential for increased exports of Uruguayan beef to the UAE, which could meet the rising demand for high-quality meat products in the Gulf region. Additionally, opportunities in the renewable energy sector were explored, with both nations recognizing the importance of sustainable energy solutions.
Cultural exchanges were also a focal point of the visit. Plans for increased educational cooperation, including student exchange programs and joint research initiatives, were discussed. These efforts aim to strengthen people-to-people connections and foster mutual understanding between the citizens of both nations.
On the economic front, Al Hashimy and Bustillo signed a memorandum of understanding to facilitate investment and trade. This agreement is expected to simplify the process for UAE businesses to invest in Uruguay, offering incentives and protections that make the South American country an attractive destination for foreign investment. The UAE's robust financial sector and Uruguay’s stable economic environment create a conducive atmosphere for such partnerships.
The visit also underscored the importance of political cooperation. Both countries reaffirmed their commitment to supporting each other in international forums and multilateral organizations. This cooperation aims to address global challenges such as climate change, food security, and sustainable development.
Al Hashimy’s visit to Uruguay is part of a broader strategy by the UAE to strengthen ties with Latin American countries. This approach aligns with the UAE's Vision 2021, which emphasizes the importance of international partnerships in achieving national development goals. By fostering strong bilateral relations, the UAE aims to enhance its global presence and influence.
Uruguay, on its part, is eager to attract investment from the UAE, which could significantly boost its economy. The South American nation offers a business-friendly environment, with policies that encourage foreign investment and economic growth. By partnering with the UAE, Uruguay hopes to modernize its infrastructure, improve its agricultural practices, and advance its technology sector.
The visit concluded with a commitment to follow up on the discussions and agreements made. Both countries are expected to hold further meetings to ensure the successful implementation of their plans. The strengthening of UAE-Uruguay relations marks a significant step forward in their bilateral cooperation, promising mutual benefits and a stronger partnership in the years to come.