Economy minister woos Spanish investment

Wednesday, May 11, 2011

Uruguayan economy minister Fernando Lorenzo encouraged Spanish companies to invest in key sectors such as software and technology at a meeting with the Spanish confederation of business organizations (CEOE), according to a release from the confederation.

Lorenzo told the CEOE that Uruguay was the top software exporter in Latin America, with more than 250 companies in the sector, as well as 80 internet and data transmission providers.

In addition, Lorenzo highlighted the launch of the Plan Ceibal program, which looks to better education with the introduction of IT to school children and teachers to help them overcome the technology divide in the region.

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Other key investments pushed by Lorenzo included sectors such as tourism, infrastructure, renewable energies and the automotive industry. According to the minister, several projects are being carried out in these verticals, including software and technology, and they require assistance from foreign investors.

The meeting was held in Madrid and is part of the minister's visit to Spain, which will include stops in Barcelona and Santiago de Compostela.