Montevideo Shopping’s Multi-Million Dollar Expansion For Forever 21

Patrick Archer foreign investment, franchises, lifestyle, real estate, uruguay, us companies

Montevideo Shopping, the first indoor shopping center in Uruguay, is undergoing a US$6 million expansion in order to welcome the Uruguay flagship store of Los Angeles-based retailer Forever 21. The new multi-level wing of the galleria will feature over 20,000 square feet of retail space in addition to a warehouse and logistics center to receive the low-priced merchandise popular with …

Uruguay Can Now Expand Offshore Drilling Projects 150 Nautical Miles

Patrick Archer competitiveness, foreign investment, real estate, uruguay

After three years of negotiations, Uruguay finally signed an agreement with the United Nations which extends Uruguay’s continental shelf from 200 to 350 nautical miles. The additional 150 nautical miles of underwater land opens up the possibility for Uruguay to move forward with offshore drilling activities on an additional 80,500 square kilometers of underwater territory. According to the UN Convention …

Foreign Companies Begin Oil Exploration In Uruguay’s Norte Basin

Patrick Archer competitiveness, foreign investment, real estate, uruguay, us companies

The next chapter in Uruguay’s quest for reduced dependence on foreign oil commenced this week with the announced seismic exploration of two large oil blocks in Uruguay. Dallas-based Schuepbach Energy International (SEI) holds the concessions for the Salto block which occupies 925,000 acres entirely in Salto and the Piedra Sola block which encompasses over 2.5 million acres in four northern Uruguay departments …

US Chamber of Commerce CEO: “The World Needs More Uruguay”

Patrick Archer agribusiness, competitiveness, foreign investment, real estate, uruguay, us companies, visionaries

Those were the powerful words of U.S. Chamber of Commerce President and CEO Thomas J. Donohue in his formal introduction of Uruguay President Jose Mujica earlier today in Washington.  Before U.S. Businessmen, Mujica Sold Uruguay As A Country To Live and Invest is how the local papers are summarizing the president’s 36-minute presentation this morning at the U.S. Chamber. But …

Johnny Rockets Seeks Fun-Focused Franchisee For Argentina, Uruguay

Patrick Archer creative class, entrepreneurs, franchises, lifestyle, real estate, us companies

Johnny Rockets, the classic all-American hamburger joint, shifted into serious global growth mode in December evident by 2014 franchise openings in Brazil and India. With a solid footprint in other corners of Latin America, the California-based company is now looking to bring their unique concept to Argentina and Uruguay. A lead story in today’s InfoNegocios says Chilean group FESA owns the …