We will then take Argentine businessmen, banks, investment funds and government officials to introduce them in different countries,” Melhem said. Although no concrete investments were announced — the delegations signed three preliminary memorandums of understanding — the visit itself was considered fruitful by experts who believe Persian Gulf countries are set to reach agreements with Argentina in order to use land for food production. That’s an opportunity for Argentina, a really strong country when it comes to agriculture and game. President Mauricio Macri last week received a visit from Qatari Emir Hamad bin Khalifa along with oil, energy and business leaders from the region. As a result, they’re looking to go out into the world and buy areas in which they can produce food,” he began.

Source: The Bubble August 01, 2016 21:22 UTC