Uruguay Properties

Investing in Uruguay

Find out what makes Uruguay a viable and attractive destination for foreign investment in real estate today.

More info

Living in Uruguay

Discover what makes Uruguay stand out in the region as a unique choice to live or vacation in.

More Info

Uruguay unveils US$4 bln Portucel investment.

MONTEVIDEO, Uruguay: Uruguay's president says a Portuguese paper company will spend more than US$4 billion to build a pulp plant and port in Uruguay.

President Tabare Vasquez says the investment from Portucel Soporcel Group will stem contagion from the world financial crisis.

The company plans to build a paper and cellulose plant and a deep-water port in an as-yet undisclosed location. A spokesman could not be reached for comment.

Vazquez on Monday said Uruguay is "concerned but not alarmed" by the financial crisis. It could tap some of its US$9 billion in currency reserves to ease credit and boost lending.

The head of Uruguay's meat packaging industry has blamed the crisis for crippling beef exports, as Russia and the E.U. suspended shipments.

Source: The Associated PressPublished: October 14, 2008


Receive the best real estate investment opportunities in Uruguay.

Empresa de servicios Turíticos e Inmobiliarios. Autorizada por el Ministerio de Turismo y Deportes Nº 1049


URUGUAY awaits arrivals of 18.000 inmigrants in 2018

Chancellery improved residence request service

Read more

Installation Costs

Cost of installing a company in Uruguay

Read more