MercoPress. South Atlantic News Agency

Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

Uruguayan Vice president Astori is a special guest of the real estate conference in Madrid

Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.

“I invite Spanish businesses to invest in Uruguay, a country with a long term strategy which is based on an open economy to the world”, said Astori who is visiting the International Real Estate conference (SIMA) in Madrid, in which Uruguay this year is a special guest.

The four day event which has 150 stands and almost 400 promotion desks offers real estate opportunities in such distant places as Uruguay, Florida in the US, Dominican Republic and Russia.

“Uruguay has all the conditions that make an ideal country to invest, not only its proved and sustained macroeconomic policies but also strong institutions and a whole range of stimuli for investors in different fields”, underlined Astori.

The Uruguayan leader said that real estate is one of several other areas which are promising for investors: he mentioned infrastructure, tourism, transport, energy and services.

“Uruguay has ample spaces to expand investments”, pointed out Astori who revealed that Spanish energy companies have shown a big interest in Uruguay and “we hope to see them sometime in the near future”.

“It’s quite clear, Uruguay is safe and is profitable for investments; just ask those who preceded you, but we want more investments, there’s much to be done and we appreciate Spanish expertise”.

Finally Astori said that bilateral relations with Spain “couldn’t be better” and recalled that Spain figures among the main investor countries in Uruguay.

Astori also had an interview with Spanish Vice-president Soraya Saenz de Santamaria and acknowledged all the support Spain has always provided in areas such as institutional and cultural cooperation.