Uber will invest $500 million in Argentina after a meeting with the Milei Government
The company announced a million-dollar investment to expand its operations in the country, relaunch Uber Eats and consolidate Argentina as a strategic market.
The company announced a million-dollar investment to expand its operations in the country, relaunch Uber Eats and consolidate Argentina as a strategic market.
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The technology company Uber confirmed an investment of $500 million in Argentina over the next three years, in the framework of a meeting with authorities from the government of President Javier Milei.
The announcement was made by the Minister of Economy, Luis Caputo, after a meeting with company managers.
As explained by the official, the investment will be aimed at expanding the company's operations in the country and relaunching its Uber Eats delivery platform.
The meeting between the Government and Uber managers The meeting was attended by Uber
's global CEO, Dara Khosrowshahi, along with other
company executives.
Also participating were:
José Luis Daza, Secretary of Economic Policy
Eli Frías, general manager of Uber for Argentina
Juan Martín Cappellini, responsible for Uber Eats in the country
.
After the meeting, Caputo stressed that the dialogue with the company was “excellent” and emphasized the company's interest in continuing to expand its presence in the
Argentine market.
Business expansion and relaunch of Uber Eats
The announced investment coincides with Uber's tenth anniversary
in Argentina.
The company's plan includes: expansion of
the mobility service relaunch of
Uber Eats, development of
new technological operations, strengthening of
the digital ecosystem in the country. The
company seeks to take advantage of the growth of the market for digital platforms and delivery
.
Argentina is consolidating itself as a strategic market
According to Minister Caputo, Uber considers Argentina to be one of its priority markets in
the region.
The announcement also reflects the interest of large international companies in investing in the country following the change of economic direction promoted by the Milei government.
The economic team argues that this type of investment is part of the process of reopening and normalizing the Argentine economy, with the objective of attracting foreign capital and generating new opportunities for employment and technological development.
