Brazilian Investment in Uruguay Has Nearly Doubled to US$4.4 Billion
Brazilian investment in Uruguay has nearly doubled to US$4.4 billion, according to Uruguay XXI. The stock rose from US$2.5 billion in 2019, with over 100 Brazilian companies operating in sectors like agribusiness and finance. The post Brazilian Investment in Uruguay Has Nearly Doubled to US$4.4 Billion appeared first on The Rio Times .
Brazilian investment in Uruguay has surged to US$4.4 billion, nearly double the US$2.5 billion recorded in 2019, according to Uruguay XXI, the country's investment promotion agency. This growth reflects steady interest from Brazilian firms across sectors like agribusiness, financial services, retail, technology, and tourism. Over 100 Brazilian-owned firms operate in Uruguay, showcasing the breadth of their economic presence.
Notable names include Banco Itaú, agribusiness groups Marfrig, JBS, Minerva, Camil, and Ambev. The investment stock represents long-term presence, not just a one-time surge. Despite delays, the Cipriani group's resort and casino project on the former Hotel San Rafael site aims for a 2027-2028 opening. This upward trend underscores a deepening economic relationship between Brazil and Uruguay, signaling confidence in the country's stability and presenting opportunities for diversification beyond traditional industries.
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