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

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

Missionary Middle East had a complication of entry. Alberto Fernandez started almost at the last minute, and most of the planned meetings with the sheikhs of the United Arab Emirates have been suspended , which resulted in a re-drafting of the agenda at the last minute.

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

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

In Dubai , Argentine officials assured that there are at least $1.3 billion that can be used immediately to invest directly in Argentina , as Infobae learned , Arabs expressed interest in the three main areas of the Argentine economy: energy, food and Pharmaceutical However, to drop resources through specific vehicles, they asked the government to legislatively approve the Investment Protection Treaty signed in 2018 between Argentina and the United Arab Emirates, and Dubai's most important emirate is.

This treaty gives a special status to investments of the country and opens doors to international tribunals in case of dispute or breach of the contract. oneKargentina made it clear that there is no possibility of granting legislative approval of the contract as long as it maintains its terms. The reaction of the sheikh did not take long to wait. “Under these circumstances, we cannot put the dollar into the country.”

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

Some governors also traveled, such as Gerardo Zamora (Santiago del Estero), Raul Jalil (Catamarca), Jorge Capitanichi (Chaco), Gerardo Morales (Hujui), Ricardo Quintella (La Rioja ). Also the delegation included the Minister of Production and Development Matthias Kulpas; Science, Technology and Innovation, Daniel Films; Tourism and Sports, Matthias Ramensand Secretary of International Economic Relations, Cecilia Todesca Boko; Promoting Tourism, Janina Martinez; Director of the Foreign Office Luciana Tito; Secretary General of the Federal Investment Commission and representatives of Ignacio Ramotta and other companies.

Therefore, the trip to the Middle East had little positive news about Argentina, which continues to lose the opportunity to open the market and provide real investment.The decision of the President to withdraw from the trip at the last moment is critical, given that he decided to meet with Vladimir Putin a month ago. At that time, at the end of January, there was already obvious danger of Russia's invasion of Ukraine, which was provoked by the end of February.

Continue reading:

.

.