InvestChile Drives Record Foreign Investment in Chile's Energy Sector
Key Ideas
  • InvestChile closes the first half of 2024 with a record US$34,531 million project portfolio, showcasing a 24% increase from the previous year.
  • Energy projects lead the investment, with a 41% rise compared to June 2023, emphasizing the country's focus on clean energy and green hydrogen.
  • United States nearly doubles its investment in Chile, while Saudi Arabia enters the investment portfolio for the first time with a significant infrastructure project.
  • Director Karla Flores highlights the efforts to improve enabling conditions, generate employment, and ensure the benefits of investments reach a wider population.
InvestChile, Chile's Foreign Investment Promotion Agency, achieved a milestone by closing the first half of 2024 with a US$34,531 million project portfolio, witnessing a 24% surge from the previous year. The Minister of Economy, Nicolás Grau, praised the agency's collaboration with various ministries and highlighted Chile's appeal as a reliable investment partner. Energy projects, including green hydrogen initiatives, led the investment, showcasing a 41% increase in this sector. The United States emerged as the top investor, with a nearly doubled investment from the previous year, followed by China and Canada. Notably, Saudi Arabia joined the portfolio for the first time with a substantial infrastructure project. Director Karla Flores emphasized the importance of enhancing enabling conditions and ensuring the inclusive benefits of investments. The positive trends in foreign investment reflect Chile's strategic focus on clean energy, critical minerals, and international partnerships, positioning the country as an attractive investment destination.
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