Business Opportunities in Uruguay
- HOTEL AND CASINO CONCESSION
The project (to be located in the city of Carmelo) includes a luxury hotel, a casino, a convention hall for 500 people and a 200-meter dock for the arrival of tourists in small boats and sailboats.
Concession term: 20 years
- GREEN HYDROGEN
An international bidding process has been announced to award the right to produce hydrogen and derivatives from offshore wind-sourced generation.
Companies would undertake the project at their own cost and risk. Participants will have the opportunity to propose alternative formats and concepts to develop both offshore and onshore electrolysis, determine the project scale in phases, select the type of hydrogen carrier, and define the target market or buyer.
- SOLAR ENERGY
Uruguay’s electricity State-owned company (so-called UTE) has announced an international tender to build and operate a solar-energy farm of 75 MW to be operational in 2026.
- CEMENT
Uruguay’s oil State-owned company has announced a bid for a direct association with a private partner for the exploitation of its cement business line.
- BRIDGE
Uruguay and Argentina’s authorities are planning the construction of a new bridge over the Uruguay River, near the cities of Monte Caseros and Bella Unión. Both countries are working on the drafting of the bidding terms and conditions.
- PORT
Maldonado’s City Hall has announced the tender for the remodeling and extension of the port of Punta del Este, the seaside town which has been dubbed the “Hamptons of South America” or the “Monaco of the South”.
Such tender is expected to be called in this year.
- DRINKING WATER PLANT
Uruguay’s water State-owned company (co-called OSE) has conducted a bidding process for the construction of a water treatment plant.
Such plant, to be located (in the province of San José) on the River Plate, will supply drinking water to Uruguay’s capital city (Montevideo) and adjacent areas. The project will entail an investment of USD 200 million.
- GREEN HYDROGEN
Uruguayan government has announced the investment of USD 4 billion for the construction of a green hydrogen plant. The works would begin in 2024 and last 30 months.
The project will be in the hands of the Chilean company Highly Innovative Fuels Global (HIF Global).
- STARTS-UPS
OurCrowd, Israel’s most active VC investor, has been awarded the organization and development of Uruguay’s first goverment backed accelerator.
OurCrowd has scheduled to accelerate 5 projets per year over the next 3 years.
SMALL AND MEDIUM SIZE PROJECTS
- HYDROPONICS
The largest producer of hydroponic vegetables in Uruguay is looking for a minority investor, to make an investment of USD 3 MM, with a return of 15%.
- DIGITAL MARKETING
A Uruguayan company with good profitability and growth, operating 5 subsidiaries in Latin America, seeks to be capitalized through an investment of USD 2 MM, with a return of 8.5 to 20%.
- SANITATION AND INFRASTRUCTURE
A company dedicated to the installation of wetlands offers investors to participate in the capital of the company, through an investment of USD 500,000 and with a return of 20%.
- WASTE TREATMENT
A company, in charge of the installation of a new composting plant of industrial organic waste, seeks financing for USD 1 MM and offers a return of 14%.
- RECYCLING OF HISTORIC BUILDINGS
In partnership with a Finnish urban design company and a local developer with vast experience in the market, a real estate conversion fund is seeking financing (USD 2 MM) for the recycling of historic buildings in Montevideo’s Old City, with a return of 10 to 15%.
- AUDIOVISUAL PRODUCTION
In partnership with a leading industry supplier and a technology park operator, a local fund is seeking financing ($4 MM) for the construction of a film studio, offering a 15% return.
- OFFICE BUILDING
A real estate trust is offering the opportunity to participate in the development of Montevideo’s first structural wood office building. The investment will reach 12 MM, with a return of 9%.
- FORESTRY INDUSTRY
In 2020, Uruguay’s main pine sawmill incorporated a mass timber plant, becoming the largest producer of mass timber in Latin America. It is possible to partner with this sawmill, investing in priority forestry land to plant pine and/or acquire existing plantations (for 145 MM), with a return of 8%.