The government went to look for investment in the Middle East, but returned empty-handed.

The tour, led by Foreign Minister Santiago Capiero of Dubai, did not achieve the expected results despite the large delegation that was part of the official delegation. Alberto Fernandez spoke on social media about the perfect investment in infrastructure of $1 billion, but the reality would be very different from what the president said.

Entry to the Middle East for missionaries was complicated. Alberto Fernandez started almost at the last minute, and most of the planned meetings with Sheikh in the United Arab Emirates were suspended, so the agenda was rewritten at the last minute.

In addition, part of the tour was also suspended, including Saudi Arabia, which was scheduled after the participation of the Dubai Expo, which was dedicated to Argentina. Without any explanation, it was finally decided not to include the destination and the mission ended ahead of schedule.

The Gulf State is one of the largest international investors on the planet, based on national wealth funds formed from the oil resources of millionaires. For example, an investment company in Dubai manages $300 billion worth of assets. Qatar Investment Department.

In Dubai, Argentine officials assured that there is at least $1.3 billion that can be used immediately to invest directly in Argentina, as Infobae found out. The Arabs expressed interest in the three main areas of the Argentine economy: energy, food and pharmaceuticals: resources through specific vehicles, they asked the government to legally approve the investment protection treaty concluded in 2018 between Argentina and the United Arab Emirates, and Dubai's most important emirate states are:

This treaty gives the country's investments a special status and opens the door to international tribunals in the event of a dispute or breach of contract. OneKArgentina made it clear that there is no possibility of granting the legislative approval of the contract as long as it maintains the terms of the contract. “Under these circumstances, we cannot inject dollars into the country.”

According to the Ministry of Foreign Affairs, the purpose of the tour was to “position the country as an appropriate actor in the energy transition, space science, biotechnology and information and communication technology.”

Some governors, such as Gerardo Zamora (Santiago del Estero), Raúl Jalil (Catamarca), Jorge Capitanich (Chaco), Gerardo Morales (Hujui), Ricardo Kintella (La Rioja), also traveled. The delegation also included Matthias Kulpas, Minister of Production and Development; Science, Technology and Innovation, Daniel Films; Tourism and Sports, Matthias Ramens and Minister of International Economic Relations, Cecilia Todesca Boko; Tourism Public Relations, Janina Martinez; Director of Foreign Affairs Luciana Tito; Secretary-General of the Federal Investment Committee and representatives of Ignacio Ramota and other companies.

Therefore, the trip to the Middle East had little positive news about Argentina, which continues to lose the opportunity to open up the market and offer real investments. Given that the president decided to meet with Vladimir Putin, the decision to withdraw from the trip at the last minute is very importanta month ago. At that time, there was already a risk of Russia's invasion of Ukraine at the end of January, which was triggered by the end of February.

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