The Vice President of the Republic of El Salvador, Mr. Félix Ulloa Jr. representing the President, Mr. Nayib Bukele, at the “Future Investment Initiative” (FII) Forum.held in Riyadh, Saudi Arabia. On his arrival, he was received by the Deputy Minister of Protocol Affairs, Mr. Abdulmajeed Al-Smari. This event brought together world leaders, representatives from private companies, academia and authorities from the host country to discuss investment and cooperation opportunities in strategic sectors.
During the forum, Vice President Ulloa discussed the Salvadoran government’s progress in promoting a favorable environment for investment, formulating its economic development policies and promoting key sectors that seek to attract foreign direct investment and encourage the exchange of information. The preliminary agreements seek to benefit both nations in areas such as technology, education, infrastructure and energy.
During his official visit, the Vice President of the Republic, Felix Ulloa h., Together with the delegation from El Salvador, they had meetings with senior representatives of the Saudi government such as the Minister of Finance, Mr. Mohammed Al-Jadaan, and the Minister of Industry and Mineral Resources, Mr. Bandar Alkhorayef. In addition to leaders from private companies and the education sector, establish solid foundations for future collaboration agreements and joint projects.
Investment will be the designated institution to provide follow-up on established contacts.
The participation of the Salvadoran delegation is in the #FIÉ2024 he emphasizes the commitment of the President’s Government, Mr. Nayib Bukele strengthen ties with the Kingdom of Saudi Arabia and other participating countries, promoting development and cooperation in areas of mutual interest. In addition, it reaffirms El Salvador’s position on the international stage as a country open to collaboration and willing to work hand in hand with strategic partners to promote its development and social well-being.
The Salvadoran delegation also consisted of the Director of Investment PromotionMr. Federico Apostolo; the Director of International Relations of the Vice Presidency, Mr. Mario Otero and the Ambassador of El Salvador in Saudi Arabia, Mr. Ricardo Cucalón.
#Vice #President #Republic #Salvador #Félix #Ulloa #representing #President #Nayib #Bukele #Future #Investment #Initiative #Forum
Interview Between Time.news Editor and Economic Expert on Vice President Ulloa’s Participation in the Future Investment Initiative Forum
Editor: Good morning, and welcome to this exclusive interview. We have with us today Dr. Maria Torres, an economist and expert on international investment strategies, to discuss the recent participation of El Salvador’s Vice President Félix Ulloa Jr. at the Future Investment Initiative Forum in Riyadh. Dr. Torres, thank you for being here.
Dr. Torres: Thank you for having me. It’s a pleasure to be here.
Editor: Let’s dive right in. Vice President Ulloa represented President Nayib Bukele at the forum, which gathered world leaders and representatives from various sectors. What do you see as the significance of this gathering for El Salvador?
Dr. Torres: This forum is pivotal for countries like El Salvador that seek to enhance their international visibility and attract foreign direct investment. By being present and engaging with global leaders, Vice President Ulloa is highlighting El Salvador as a viable investment destination. It’s a strategic move that can open doors for economic cooperation and development.
Editor: Absolutely. The Vice President discussed the Salvadoran government’s commitment to fostering a favorable investment environment. Can you elaborate on the specific measures that might be appealing to foreign investors?
Dr. Torres: Certainly. El Salvador has been actively working on regulatory reforms aimed at improving the business climate. This includes simplifying processes for starting a business, enhancing protections for investments, and emphasizing transparency. Moreover, sectors like technology, education, infrastructure, and energy have been identified as key areas for development, which aligns well with current global investment trends.
Editor: During his visit, Ulloa met with senior Saudi officials and leaders from the private sector. What potential outcomes can arise from these high-level meetings?
Dr. Torres: These meetings are crucial for establishing partnerships and facilitating dialogues that can lead to tangible agreements. For instance, collaboration in technology could mean access to innovative solutions that improve local infrastructure. In education, partnerships with Saudi institutions can enhance skill development in El Salvador’s workforce, making it more competitive. these discussions are foundational for future joint projects that can benefit both nations.
Editor: You mentioned technology and education as focal points. Why are these sectors particularly important for El Salvador at this stage?
Dr. Torres: El Salvador, like many nations in the region, faces challenges in workforce development and technological adoption. By investing in these sectors, the country can stimulate economic growth, reduce unemployment, and increase its global competitiveness. Moreover, technology can act as an enabler for other sectors like agriculture and manufacturing, allowing for more efficient and sustainable practices.
Editor: The preliminary agreements discussed are aimed at mutual benefit. How important is this bilateral approach in international relations concerning investments?
Dr. Torres: It’s extremely important. A bilateral approach fosters trust and alignment between governments. When both parties are committed to mutually beneficial outcomes, it lays the groundwork for sustainable partnerships. This cooperative spirit can lead to stability in investments, making El Salvador an attractive destination for investors who seek a reliable environment.
Editor: In your view, what should be the next steps for El Salvador following this forum?
Dr. Torres: Following the forum, it is crucial for the Salvadoran government to follow up on the discussions and agreements made. This means not only establishing clear action plans but also ensuring that local stakeholders are engaged. Additionally, maintaining transparency in the implementation of these projects will build investor confidence and demonstrate the government’s commitment to positive change.
Editor: Thank you, Dr. Torres, for your valuable insights on El Salvador’s investment journey and the implications of Vice President Ulloa’s attendance at the Future Investment Initiative Forum. Clearly, there’s a lot to look forward to for the Salvadoran economy!
Dr. Torres: Thank you for having me! It’s an exciting time for El Salvador, and I look forward to seeing how these developments unfold.
Editor: And thank you to our audience for tuning in. We’ll keep you updated on further developments in El Salvador’s investment landscape. Until next time!
