InvestChile Blog

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UNCTAD: Global foreign direct investment grew 3% in 2023

InvestChile - February,9,2024

New UNCTAD analysis shows global FDI trends defied earlier expectations but highlights that growth was driven by a few European “conduit” economies and raises concerns about the decline in international investment projects.

Topics: Foreign Investment

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Discover Tesla's 2 upcoming electric car models for the Chilean market

InvestChile - February,8,2024

Tesla will introduce the Model 3 and Model Y in Chile, featuring the most widely-used connector in the country, allowing them to be charged anywhere.

Topics: Electromobility- Tesla

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UAE-based Group ADQ buys Chilean company Verfrut

InvestChile - February,5,2024

The company was valued at US$680 million, including debt. The process still has to go through the regulatory phases. “We look forward to the next stage of our successful journey,” said Romano Vercellino, founder of Verfrut, in reference to the firm’s future.

Topics: Food Industry

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Eramet increases its capital to break into the lithium sector in Chile

InvestChile - February,1,2024

The European group decided to increase the capital of its local subsidiary, Eramet Chile. A month earlier, the company had agreed to acquire the Siete Salares project in Chile for the same amount.

Topics: Mining- Lithium

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RWE submits its first project in Chile for environmental assessment

InvestChile - January,25,2024

The Los Durmientes project, a 244 MW photovoltaic solar farm with a storage option, which will be located in the municipality and Region of Antofagasta, submitted its DIA for processing. It will involve an investment of US$300 million.

Topics: Renewable energy

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Chile presents Smart Permitting System bill

InvestChile - January,17,2024

The reform involves processing authorizations for 37 types of services and involves 16 ministries. It aims to streamline processes, cut processing times and provide more certainty for investment.

Topics: Investment in Chile

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Google will connect Chile and Australia with a new submarine cable

InvestChile - January,15,2024

With a length of more than 8,000 miles, this submarine fiber optic cable will create a strategic connection between South America and the Asia-Pacific region.

Topics: Global services- Submarine cable- Optical Fiber

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Lithium: Five key points in the agreement between Codelco and SQM

InvestChile - January,5,2024

State-owned mining company Codelco will have a majority stake in the new venture to exploit the largest lithium deposit in Chile until 2060. During the first period, SQM will be responsible for the operation.

Topics: Mining- Lithium

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The Economist highlights Chile’s economic performance in 2023

InvestChile - December,28,2023

The English publication analyzed the performance of the 35 OECD countries based on variables such as inflation, GDP, employment and stock market performance, ranking Chile seventh.

Topics: Chilean Economy

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Chile and the European Union sign trade modernization agreement

InvestChile - December,26,2023

This pact strengthens commercial ties and reinforces shared values and fundamental principles, paving the way for a more prosperous and sustainable future for both parties.

Topics: International trade- Chilean Economy- European Union

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Decathlon will have 12 stores in Chile in 2024

InvestChile - December,22,2023

The company opened three shops in the country this year and will expand to Talca and Puerto Montt next year. The firm’s local CEO says that they hope to become «the leading athletic wear brand» in Chile.

Topics: Retail- French investment

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French group Accor plans to add new hotels in Chile

InvestChile - December,20,2023

The company, which has been operating in the country for more than 20 years, announced its plans to add at least seven hotel assets to its portfolio in Chile, which would amount to more than 900 additional rooms.

Topics: Infrastructure- Tourism- French investment

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Tesla prepares to arrive in Chile

InvestChile - December,18,2023

This is the first financial move by the parent company, which has already led Tesla’s incursion into several markets. 

Topics: Lithium- Electromobility

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Oracle will open its second data center in Chile

InvestChile - December,15,2023

This will be in Valparaíso and required an investment of over US$ 100 million.

Topics: Data Center- Oracle

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Chile makes progress on energy storage with 20+ approved projects

InvestChile - December,12,2023

With 23 energy storage projects already approved, totaling an impressive 3,000 MW of capacity, Chile is at the forefront of innovation and efficiency in Latin America.

Topics: Energy- Renewable energy

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The importance of bioceanic corridors for Chile

InvestChile - December,1,2023

More than simply routes, bioceanic corridors are an engine for regional development and the key to Latin American integration. Through its strategic location and openness to global trade, Chile is driving ambitious connectivity projects.

Topics: Infrastructure

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Chile inaugurates largest floating solar plant in Southern Cone

InvestChile - November,17,2023

With a capacity of 1,090 kWp and comprised of 1,998 solar panels installed on 2,493 floats on a dam by Solarity, this initiative will supply approximately 40% of the electricity required by Verfrut's Quilamuta estate.

Topics: Energy- Renewables

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German language platform Babbel reaches Chile

InvestChile - November,16,2023

The South American country is the fifth regional market where Babbel will be setting up and launching live classes. 

Topics: Global services- German investment- Talent

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Chile ratifies double taxation avoidance treaty with the USA

InvestChile - November,16,2023

The Chilean Senate unanimously endorsed a treaty that streamlines trade between both countries after 13 years of discussion.

Topics: Chilean Economy- US investment

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E-commerce: 49% of Chileans are intensive internet shoppers

InvestChile - November,3,2023

A survey by Mercado Libre and GfK revealed that those between 25 and 34 years old and over 65 are most likely to report being heavy e-commerce users.

Topics: Global services- Digital Economy- e-commerce

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