InvestChile Blog

FDI news | Policies & Tools | Business data analysis | Investment location trends

Foreign Investment: InvestChile's project portfolio grows 82% in 2018

InvestChile - January,7,2019

The inflows reached US$14.1 billion for 277 projects, which will generate 15,408 jobs. Among all sectors, mining stood out with US$4.8 billion of the total investment, which in turn explains Canada's leadership in the analysis by country.

Captura de pantalla 2019-01-09 a la(s) 12.12.18

The increase in foreign direct investment (FDI) continues strong, as reflected by the US$14.1 billion in InvestChile's project portfolio for 2018, which far surpasses levels from the previous year, when investment reached US$ 7.7 billion.

The 82.4% increase has to do with an increased number of projects in which the agency participated, which jumped from 196 to 277 and which will generate 15,408 jobs, compared to the 10,693 jobs registered in 2017. 

The growth trend in InvestChile’s investment portfolio agrees with numbers from the Central Bank, which, using a different methodology, found that foreign direct investment increased during the year. According to the bank, FDI totaled US$7.8 billion between January and October 2018, compared to US$6.3 billion recorded in the same period during 2017.

In InvestChile’s portfolio - the foreign direct investment projects in which the promotion agency participated and which includes all projects that are still under development - the increase in the mining sector stands out, with a 971% increase to US$4.8 billion. The predominance in mining investment explains Canada's leadership in the analysis by country, with investments reaching US$4.9 billion, largely attributed to Quebrada Blanca phase 2.

The solid portfolio of global services, which grew from US$1.6 billion to US$2.4 billion, is also relevant for the agency. "This clearly shows the interest that exists today in Chile as a regional hub. Companies like Amazon Web Services, Google, Ascenty, Nisum, IBM, Equifax, Tata, Citi, Claro and Movistar are already using Chile as a regional base for the export of services or installation of data centers," said Cristián Rodríguez, director of InvestChile.

In the ranking by country, following Canada, the United States (US$4.3 billion) and China (US$1.8 billion) take the podium. With the latter, InvestChile held 30 meetings last year, including with the giant hydroelectric firm Three Gorges, Alibaba Cloud and energy sector player State Grid

Following the top three is Ireland, which increased its FDI weighting from US$30 million to US$729 million thanks to a series of projects, including one solar energy and three wind farms. Brazil came in fifth place at US$366 million. "The Brazilians, due to internal and external factors, have been taking a look at the rest of the region and in that context they expressed surprise and interest in the conditions offered by Chile," Rodríguez explained.

Rodríguez attributed the performance of the projects to "the good reception that the pro-investment initiatives have had, promoted by the government.”

Would you like to know more about foreign investment in Chile? Take a look at the following article.  

Source: Pulso

New call-to-action

Topics: Foreign Investment in Chile- Foreign Investment- InvestChile- FDI

InvestChile

InvestChile

We are the government agency responsible for promoting Chile in the global market as a destination for foreign direct investment, serving as a bridge between the interests of overseas investors and the business opportunities the country offers and providing world-class services that are in line with the country’s economic development policies.

Previous Post

Digital economy: The 30 most used applications in Chile

Next Post

Mining: Use of sea water in Chile’s copper production to triple in 10 years

NEWSLETTER

Subscribe to our newsletter

Receive in your e-mail publications and news about how to guide your investment project in Chile

Subscribe to Email Updates

100% Privacy. No Spam.

Related Posts

Visas and foreign citizens

We invite you to obtain a complete guide of residence laws and regulations for investors and foreign workers in Chile.
Learn More