Argentina And Persian Gulf Countries Pave Road To Investment
Source: The Bubble
By: Demian Bio
President Mauricio Macri last week received a visit from Qatari Emir Hamad bin Khalifa along with oil, energy and business leaders from the region. Although no concrete investments were announced — the delegations signed three preliminary memorandums of understanding — the visit itself was considered fruitful by experts who believe Persian Gulf countries are set to reach agreements with Argentina in order to use land for food production.
In an interview with La Nación, Daniel Melhem, the president of the Gulf and Latin American Leaders Council (GLLC), praised the Macri administration for “generating a good context to attract investment.” He added that this “good context” would also attract investors from Saudi Arabia, Kuwait and Bahrain in addition to Qatar, all seeking to diversify their investments in an attempt to not run out of money when the world doesn’t need any more hydrocarbon fuel.
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