In 2024, foreign investment projects in Chile soared to an all-time high of US$56.2 billion, marking a substantial 68% increase compared to the previous year. The surge in investment was mainly fueled by the green hydrogen industry, accounting for a significant portion of the total at US$25.6 billion. This boost highlights Chile's commitment to establishing itself as a major player in the global green hydrogen market, endorsing clean and sustainable fuel production to combat climate change effectively. InvestChile, the foreign investment promotion agency in Chile, disclosed that 474 projects from foreign companies are in various stages of development, creating more than 21,000 potential direct jobs. This investment surge reinforces Chile's leadership in sectors like Mining and Technological Infrastructure. The Minister of Economy, Nicolás Grau, emphasized Chile's attractive conditions for investment linked to energy transition and climate change mitigation, positioning the country as a favorable investment hub in Latin America. Foreign companies primarily invested in sectors like Energy, Mining, and Global Services, with notable growth in investment seen in Infrastructure and the Food Industry. Job creation potential also increased across sectors, with Energy, Mining, and Global Services leading in employment generation. The United States emerged as the top investing country, injecting US$20.51 billion into foreign investment projects in Chile, followed by Austria and Canada. Notably, Austria saw a significant increase in investments, primarily driven by a major project in partnership with Danish company Copenhagen Infrastructure Partners. Additionally, InvestChile welcomed projects from Saudi Arabia for the first time, indicating a diversification of investment sources in Chile's growing economy.