InvestChile Boosts Foreign Investments with Focus on Green Hydrogen
Key Ideas
  • Chile's InvestChile agency reports a record-high US$56.2 billion in foreign investment in 2024, with significant growth in the green hydrogen industry.
  • Over 21,000 potential direct jobs were created, with the energy sector leading in job creation, showcasing a 157% growth compared to 2023.
  • Notable investments came from the US, Austria, and Canada, with US companies leading with US$20.5 billion, demonstrating a 107% increase in 2024.
  • InvestChile's portfolio now includes Saudi Arabian projects with a potential investment of US$1.4 billion, reflecting diversification in foreign investments.
InvestChile, Chile's public agency promoting foreign investments, saw a significant surge in foreign investment projects in 2024, totaling US$56.2 billion, the highest in its history. This growth, driven by 474 projects at various stages of development, led to the creation of over 21,000 potential direct jobs, emphasizing the agency's impact on economic development. Notably, the green hydrogen industry played a crucial role, with investments reaching US$25.6 billion by the end of 2024. The energy sector, experiencing a remarkable 157% growth in job creation compared to 2023, led the way in job opportunities, followed by the mining and global services sectors. The United States emerged as the primary country of origin for investors, with US companies investing US$20.5 billion, showcasing a substantial 107% increase from the previous year. Austria and Canada also made significant investments, demonstrating growth and diversification in the foreign investment landscape. Moreover, InvestChile's portfolio now includes projects from Saudi Arabia, indicating a broader international participation in Chile's economic growth. The focus on green hydrogen and sustainable investments highlights Chile's commitment to combating climate change and its strategic efforts to become a key player in the global green energy market.
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