Billion-Dollar Pulp Mill Transforms Quiet Corner Of Uruguay

Patrick Archer agribusiness, foreign investment, real estate, uruguay

It won’t officially open for a few more months, but a the Montes del Plata pulp mill is already changing lives, incomes and expectations in a once-quiet corner of Uruguay. Montes del Plata is investing a reported US$1.9 billion on the state-of-the-art facility in Conchillas, and the spillover effects from the mill’s construction have been felt throughout Colonia. Local salaries …

Colonia Real Estate Soars Thanks To Uruguay Workers & Foreign Visitors

Patrick Archer aruba, foreign investment, real estate, uruguay

Rental rates for homes and apartments in Colonia del Sacramento are reaching record heights, according to a new article from Eduardo Barreneche and Pedro Calvijo of El Pais. The construction of Montes del Plata’s US$2 billion paper mill in the northern Colonia town of Conchillas has prompted an influx of thousands of employees living in Colonia del Sacramento and Carmelo. …