|
| Tuesday, 22 August 2023, 21:00 HKT/SGT | |
| |  | |
Source: InvestChile | |
|
|
|
|
| "Foreign companies see Chile as a safe destination to undertake new projects and expand existing operations," said InvestChile Director Karla Flores. |
Santiago, Chile, Aug 22, 2023 - (ACN Newswire) - InvestChile, the Foreign Investment Promotion Agency, inventoried its project portfolio as of the end of the first half of the year, reporting that it supports 493 initiatives at different stages of development, totaling US $27.9 billion, a 12.6% increase over the same period last year.
The number of projects in the agency's portfolio rose from 453 in the first half of 2022 to 493 initiatives in June of this year, representing annual growth of 8.8%. Similarly, the number of potential jobs associated with the projects reached 18,381, a 4.6% increase over the 17,578 jobs recorded as of June 2022.
InvestChile Director Karla Flores remarked that several factors explain the expansion of the investment project portfolio. However, the most important is that foreign companies see Chile as a safe destination to undertake new projects and expand their existing operations. "Today, our country is particularly well-positioned to offer investment opportunities critical to the global challenges of decarbonization and digital revolution," said Flores.
Ninety-seven portfolio projects are underway, injecting US $14.4 billion in investment and more than 6,100 new jobs into the economy. Relative to the first half of 2022, investment was up 36.5%, with 24.4% more initiatives underway and 60.3% more associated employment.
Energy Leads Projects
The energy sector once again led the portfolio, with 98 projects valued at US $12.35 billion, followed by the global services and technology sector, with US $5.6 billion; and mining and mining suppliers, with US $ 5.1 billion.
"It is no mystery that Chile leads the region and is an international benchmark in the clean energy sector. While it is true that the industry has been facing significant challenges recently, the interest shown by foreign companies has not diminished," remarked InvestChile's Director on the growth of energy-related projects. She added that foreign energy investors "received as very good news" the submission of the energy transition bill, which would modify the General Electric Services Law and position electricity transmission as an enabling sector for carbon neutrality.
Among the main countries in the project portfolio, the United States led the list, with 131 projects totaling US $6.6 billion. China ranked second with initiatives for US$4.6 billion; Canada comes third, with projects totaling US $2.8 billion.
"We are working with demanding targets to keep the portfolio growing, as reflected in the number of projects entered during the period. This figure represents efforts by our team and the result of 'smart' promotion strategies involving advanced digital marketing techniques and the fortification of our strategy and competitive intelligence units. We expect to close this year with good news for the country," concluded Flores.
Contact Information
Claudio Alvarez
Head of Communications at InvestChile
calvarez@investchile.gob.cl
Denisse Vasquez
Journalist at InvestChile
dvasquez@investchile.gob.cl
Topic: Press release summary
Source: InvestChile
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
| |
Latest Press Releases
Anytime Fitness Accelerates Asia-Pacific Expansion
May 13, 2026 10:13 HKT/SGT
|
|
|
Dr. Shui On Leung Invited to the 2026 LifeArc Translational Science Summit in the UK
May 13, 2026 09:06 HKT/SGT
|
|
|
Ansons' and POSCO Holdings' Boards Approve Terms for Binding Agreement for DLE Demonstration Plant at Green River
May 13, 2026 08:35 HKT/SGT
|
|
|
Redington MD and Group CEO V.S. Hariharan Appointed to GTDC Executive Committee
May 12, 2026 21:00 HKT/SGT
|
|
|
GMG Leases New Site for Production & Office Expansion
May 12, 2026 20:29 HKT/SGT
|
|
|
CANEX and Gold Basin Resources Announce Arrangement Agreement to Facilitate CANEX'S Acquisition of Remaining Gold Basin Shares
May 12, 2026 19:30 HKT/SGT
|
|
|
SPARX Group Establishes "Mirai Creation Fund IV" Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd. and Mizuho Bank, Ltd. to Provide Capital Targeting Total Commitments of JPY100 billion 
Tuesday, May 12, 2026 6:29:00 PM
|
|
|
GTJAI Assists State Bank of Mongolia in Completing a US$100 Million Reg S Bond Tap Issuance
May 12, 2026 17:45 HKT/SGT
|
|
|
Casa Minerals Inc. Receives Proceeds of $432,777 from Warrant Exercises
May 12, 2026 17:29 HKT/SGT
|
|
|
CleverTap and Rabbit Rewards win Silver at Thailand MarTech Awards 2026 for real-time, agentic customer engagement
May 12, 2026 15:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
|
|
