Asunción, Agencia IP.- Authorities from the governments of Paraguay and the United Arab Emirates (UAE) have signed a memorandum of understanding to evaluate the project for the expansion and modernization of Silvio Pettirossi Airport. This initiative is part of the infrastructure investment agenda the Arab country plans to develop in Paraguay.

The signing took place during the visit of the UAE Minister for International Cooperation, Reem Al Hashimy, on Monday. She met with President Santiago Peña and members of his cabinet.

Through the memorandum signed by the Ministry of Public Works (MOPC) and the Civil Aeronautics Directorate (Dinac), Emirati technicians will participate in the project to expand and modernize Silvio Pettirossi Airport. Minister Al Hashimy confirmed her country’s interest in investments in airport infrastructure and projects with social impact.

Foreign Minister Rubén Ramírez detailed that the UAE’s participation in the project will bring an exchange of experiences and valuable technology transfer, considering that Dubai is one of the world’s leading airport terminals, with 80 million passengers per year, and is expanding.

Infrastructure investments

The Minister also reported the UAE’s interest in financing one of the sections of the Bi-Oceanic Corridor to ensure its completion within the scheduled time frame. During the last Conference of the Parties on Climate Change (COP28), Paraguay, Brazil, Argentina, and Chile signed a cooperation agreement related to this road project with the UAE.

These measures follow the visit of the UAE Foreign Minister, Sheikh Abdullah Bin Zayed Al Nahyan, last November. During this visit, it was agreed to explore investment opportunities in the airport, the Bi-Oceanic Corridor, and the waterway.

Regarding trade exchange, the UAE Minister of Cooperation highlighted an «increase of almost 180% in recent years.» In parallel, Foreign Minister Ramírez noted that while negotiations are underway with the UAE for an agreement at the Mercosur level, Paraguay is working with productive sectors to ensure compliance with requirements for the entry of Paraguayan products.

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