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"We secured investments totaling US $12,296 million for Chile last year, which created over 5,300 jobs, an increase of 32% over 2021. This reaffirms foreign investors' confidence in Chile," said Karla Flores, the Agency Director. SANTIAGO, Chile, Feb. 16, 2023 (GLOBE NEWSWIRE) -- InvestChile is Chile's Foreign Investment Promotion Agency, and its portfolio was valued at US $28,345 million as of December 2022, comprised of 476 foreign investment projects at various stages of development. This figure is 2% higher than as of December 2021, when it was US $27,776 million. Employment associated with the projects financed by the agency totaled 18,866 jobs. US $12,296 million of the total portfolio has been invested in installed initiatives and projects under development in Chile. These 95 projects have created over 5,300 jobs, which represents 32% more than in 2021 and they are already adding to our economy. "Despite a challenging local and global economic outlook, we managed to close 2022 with positive figures by number of projects, as well as by value and number of associated jobs. We secured investments totaling US $12,296 million for Chile last year, which created over 5,300 jobs, an increase of 32% over 2021. This reaffirms foreign investors' confidence in Chile," said Karla Flores, InvestChile Director. The Energy sector once again led the portfolio with 62 projects valued at US $11,536 million, followed by the Global and Technology Service sectors with US $7,070 million, then Mining and mining suppliers with US $5,191 million. The countries represented in the project portfolio were led by the USA with projects valued at US $8,174 million, an increase of 49% over 2021. China was in second place with US $4,673 million in projects, while third place went to Canada with projects valued at US $2,806 million. Green hydrogen InvestChile together with the Energy Ministry reinforced their support during 2022 for foreign companies interested in investing in green hydrogen projects, after the success of the first public invitation to develop production plants in Chile, which was tendered in late 2021. Thus, the agency was supporting 18 projects valued at US $29,600 million at the close of 2022, from companies in the USA, France, Germany, Spain, Japan, Austria and Norway. Although these projects are supported by the agency, they have not yet become part of InvestChile's portfolio, as they are still at an early stage prior to environmental assessment. Contact Information: Denisse Vásquez Journalist at InvestChile dvasquez@investchile.gob.cl Claudio Álvarez Head of Communications at InvestChile calvarez@investchile.gob.cl Related Images Image 1: Karla Flores Karla Flores, InvestChile Director
The President made this statement at the event that brings together more than 100 representatives of companies from 28 countries with investment projects worth US $4 billion. SANTIAGO, Chile, Dec. 14, 2022 (GLOBE NEWSWIRE) -- Over 100 representatives of companies from 28 countries with 56 investment projects worth US $4 billion and 1,900 potential jobs are participating in the InvestChile 2022 International Forum, which is Chile's most important event for attracting foreign investment. InvestChile is the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment. The event was inaugurated this morning by the President of the Republic, Gabriel Boric, together with the Economy, Development and Tourism Minister, Nicolás Grau, and the InvestChile Director, Karla Flores. The President referred to Chile's potential to attract new investments since it offers tremendous opportunities and institutional solidity "that will help us to progress and improve the quality of life of our people, while making a global contribution. This requires reactivating the economy, where foreign investment plays a tremendously important role. Greater investment is synonymous with new jobs, which will restore peace of mind to thousands of families who have suffered as a result of our economic downturn, due to the COVID-19 crisis and the global economic slowdown", said President Boric. Good news for Foreign Investment Minister Grau confirmed that the Forum is an extremely important opportunity for Chile to reinforce its commitment to foreign investment. "As you are well aware, despite difficulties worldwide, this has been a good year for Chile in terms of foreign investment. However, Chile has tremendous potential due to its institutional strength, its physical and digital infrastructure and because Chile can clearly combine the fight against the climate change with economic dynamism and greater investment in a totally exceptional manner", said the Secretary of State. Karla Flores is the InvestChile Director, and she sees the forum as a sign that foreign companies have a positive, long-term interest in investing in Chile. "We are fully committed as an agency to attracting investment projects to Chile so they can positively benefit our entire business ecosystem, add dynamism to our markets, generate greater competition, improve service quality and citizen access in key industries, all of which will improve the quality of life for Chilean citizens", said Ms. Flores. The first such Forum was held in 2014. It aims to provide participating companies with first-hand knowledge of emerging investment opportunities, new economic strategies and foreign investment policies in Chile. This is the sixth Forum and projects here focus on the Circular Economy, Global Services, Fintech, Tourism and Green Hydrogen. The companies that have submitted the most investment initiatives were from the USA, France, Argentina and Japan. Contact Information: Claudio Álvarez Head of Communications at InvestChile calvarez@investchile.gob.cl Denisse Vásquez Journalist at InvestChile dvasquez@investchile.gob.cl Related Images Image 1: President Boric President Boric at InvestChile Forum 2022
Foreing direct Investment
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