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Uruguay Lures Investors

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Uruguay is increasingly attracting foreign multinationals thanks to clear regulations and a growing economy.

BY LUCIA BALDOMIR

 

MONTEVIDEO Growing consumption, higher commodity prices and a cheap labor force are driving many foreign investors to look at Uruguay as a place to expand their business. Leading life quality standards compared to the region are also attracting firms to set their headquarters in the country and seducing foreigners to live in it.

 

Uruguay has advantages over the region in seriousness of the rules, predictability, political and legal security,” says Martín Secco, general manager of Marfrig, a Brazilian meat company that processes 34 percent of the local slaughter, according to the National Meat Institute.

 

Also local business executives are emphasizing Uruguay’s positive environment.

“Uruguay has...



Keywords: Aratirí, El Tejar, Guyer & Regules, Marfrig, UPM, Weyerhaeuser

 

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