Guatemala's Economy Minister Gabriela García Pursues Enhanced Economic Relations With UAE

Guatemala is eager to enhance its economic ties with the UAE, especially in infrastructure, according to Gabriela García, the country's Minister of Economy. She emphasised that the UAE's expertise and resources could significantly boost Guatemala's ports and airports, aiding economic growth. García shared these insights during the World Government Summit 2025 in Dubai.

She highlighted the potential for stronger cooperation between Guatemala and the Middle East, given global economic shifts and changes in trade balances. The year 2025 is seen as crucial for expanding trade with not only the Middle East and North Africa but also Europe. García stressed that Guatemala aims to create mutually beneficial trade and investment partnerships.

García noted that Guatemala's exports to the UAE currently include coffee and cardamom. However, she sees significant potential to expand bilateral trade further. The country is keen on strengthening its trade relations with the UAE, recognising many untapped opportunities. This aligns with Guatemala's broader goal of enhancing its economic partnerships globally.

The Minister pointed out that Guatemala boasts Central America's largest economy, anticipating a growth rate of around 3.7% in 2025, similar to 2024 levels. This projected growth surpasses the average growth rate over the past decade by about two percentage points. Such economic progress reflects ongoing governmental efforts to stimulate growth through public investments.

García highlighted substantial investment opportunities within Guatemala's infrastructure sector. Discussions are underway with companies specialising in port management, including those from the Middle East, to explore cooperation possibilities. Enhancing foreign direct investment remains a priority for Guatemala through both government partnerships and public-private collaborations.

The Minister also mentioned that Guatemalan products like coffee and cardamom are highly demanded in the region. There is potential to diversify food exports by including other products, which could further strengthen Guatemala's economic ties with international markets.

The focus on infrastructure projects such as ports, airports, and roads underscores the government's commitment to boosting economic development through strategic investments. These efforts aim to create a conducive environment for foreign investors while fostering sustainable growth within Guatemala.

In wrapping up her remarks, García reiterated her country's dedication to building robust economic relationships with international partners like the UAE. By leveraging mutual strengths and exploring new avenues for collaboration, both nations stand to benefit from enhanced trade and investment opportunities.

With inputs from WAM