Doha: The State of Qatar and the Oriental Republic of Uruguay have formalized an agreement focusing on the promotion and reciprocal protection of investments between the two nations. The agreement was inked by HE Minister of Commerce and Industry, SHeikh Faisal bin Thani bin Faisal Al-Thani, and HE Minister of Foreign Affairs of Uruguay.

According to Qatar News Agency, this agreement aims to establish a robust legal framework that will facilitate and secure the flow of investments between Qatar and Uruguay. It underscores both countries’ commitment to providing fair treatment to investors, safeguarding against non-commercial risks, ensuring the transfer of funds, and aligning with best international practices for dispute resolution. This framework is anticipated to foster a stable and transparent investment atmospHere.

This accord marks a significant advancement in economic and trade collaboration between Qatar and Uruguay, potentially paving the way for increased investments in critical sectors and services. The State of Qatar expresses its hope that this cooperation will enhance bilateral relations and serve the mutual interests of the two friendly nations.

The agreement will become effective once the ratification procedures are completed, in line with each country’s regulations. In a related development, HE SHeikh Faisal bin Thani bin Faisal Al-Thani Held discussions with Uruguay’s Minister of Foreign Affairs, Mario Lopetkin, at the Doha Forum 2025. Their meeting focused on strengthening and evolving commercial, investment, and industrial ties, as well as addressing various topics of mutual interest.