The United Arab Emirates' Government is willing to promote investments to enhance the value of the Bay of Callao, as well as in power generation, distribution, and the development of technology industries in Peru, its Ambassador, Ibrahim Alalawi, stated during a meeting with
In this regard, Ambassador Alalawi indicated that they are interested in finalizing agreements with the Peruvian Government to establish the legal framework required to facilitate the deployment of Emirati capital.
"I am confident of the Peruvian Government's interest in Arab Gulf countries, just as we are in finalizing the agreements on the table and opening the door to new investments," he expressed.
With this, the diplomat was referring to the agreement under review with Peru to eliminate double taxation and tax avoidance, as well as to promote and protect investments, currently being discussed by technical teams from the MEF and the United Arab Emirates.
In turn, Economy and Finance Minister Jose Salardi said that one of the key drivers of this year's projected 4% economic growth is the strengthening of private sector investments.
The MEF head expressed his commitment to fostering conditions that will enable more companies from the UAE to invest in Peru.
In this context, the Cabinet member mentioned the United Arab Emirates' contribution to the modernization of the national port system through DP World's management in Callao.
He also highlighted Ambassador Alalawi's interest in promoting investments to enhance the value of the Bay of Callao by activating the San Lorenzo Island Project, as well as investments in power generation and distribution, in addition to fostering the development of technology industries in Peru.
To date, Peru has received US$1.6 billion in investments from the United Arab Emirates, while trade volume exceeded US$800 million in 2022, according to official figures.