Uruguay wants to become a Latin American technology hub

Uruguay wants to become a Latin American technological hub, not only in the Southern Cone, stressed
The president of Uruguay, Luis Lacalle Pou, stressed this Thursday during an event of the Inter-American Development Bank (IDB) in Punta del Este the advantages of their country so that investments continue to arrive.

In his speech at the start of the convention, Lacalle highlighted Uruguay's strengths as an attractive country for investment, in addition to its commitment to sustainable policies.

«Since 1990 our country has exported technology and to date, between software and services, exports are around one billion dollars. Throughout this journey there is a journey and an effort that is anchored in some elements that we want to share: the first and most important is national talent," said the President.

Lacalle also highlighted the "significant growth" of the country in terms of infrastructure.

He then underlined the «stability of Uruguay and the strength of the institutions; the old but increasingly effective separation of powers" in a country "fertile for these global ventures."

Globalization is "the most important trigger for us to be here today and for Uruguay to become a leading country in this regard," Lacalle also said.

"The world has shrunk with globalization, the pandemic has accelerated this globalization, and Uruguay, with its responsible freedom, has become attractive for many people to come and invest, stay and work," he added while admitting that there was a "shortage of manpower" for which he was working with his collaborators in the development of a legal tool "to attract talent, be it Uruguayans who live abroad or international talents who come to live in our country and work".

Lacalle also told those attending the Test & Invest Uruguay Business Summit forum that the country was advancing in technology, logistics, agriculture and cybersecurity, and that now it must move towards "the next frontier": internet and biotechnology.

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