Asunción, Agencia IP.- President Santiago Peña has received an official invitation from the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, for a visit to the country, which will be confirmed shortly.
Peña met with the UAE Ambassador to Paraguay, Al-Saghira Wabran Hamad Mubarak Al-Ahbabi, according to a statement from the Presidency of the Republic.
Paraguay and the UAE have an ongoing investment agenda in infrastructure projects, including the expansion of the Silvio Pettirossi Airport, which is backed by a memorandum of understanding signed in July 2024.
There is also interest in financing a section of the Bioceanic Road Corridor and implementing an agreement signed at COP28 for the international transfer of mitigation outcomes (ITMOs) within the carbon credit market.
The two Presidents held their first bilateral meeting in October 2023 during the United Nations Climate Change Conference in Dubai (COP28). Peña had previously visited the Gulf nation as President-elect just weeks before taking office.
Since the opening of Paraguay’s commercial attaché office in the Middle East in February 2023, Paraguayan exports to the Emirati market have increased by 170%, with products such as yerba mate, haute couture clothing, samu’u trees, cotton seeds, and others entering the market.