Altaf, assistant deputy of services sectors in the Saudi Investment Ministry, stressed the similarities between Uruguay and the Kingdom. “Uruguay offers economic, legal and social stability for companies looking to do business and invest here,” Alfredo Ferrari, investment manager of the country’s promotion agency Uruguay XXI, told Arab News on the sidelines of the forum.Īmmar M. Uruguayan authorities and business leaders are confident that the country can serve as Saudi Arabia’s point of entry for South America. It was the third high-level Saudi visit in 18 months, including one in May by Foreign Affairs Minister Adel Al-Jubeir. MONTEVIDEO, Uruguay: Saudi Investment Minister Khalid Al-Falih led a 60-member delegation that took part in an investment forum in Uruguay’s capital Montevideo on Thursday.
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