InvestChile Blog

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

Mercado Libre inaugurates distribution center in Chile: Investment reaches US$100 million

InvestChile - October,15,2020

The company expects to create 5,000 jobs directly and indirectly.

marcin-jozwiak-oh0DITWoHi4-unsplash

Latin American e-commerce giant, Mercado Libre, today inaugurated its first distribution center in Chile. The center envisages an investment of US$100 million over two years and expects to create 5,000 jobs directly and indirectly.

Located in Santiago’s Pudahuel district, it is designed to strengthen the company’s logistics platform, helping to improve the supply chain in Chile. It will be used to store part of the stock posted on the site as a means of improving its delivery promise and reducing dispatch times.

“Today is an important day because what we are seeing symbolizes many things. Firstly, it symbolizes that, in the midst of the pandemic and the enormous economic crisis affecting our country and the world, there is foreign investment in Chile,” said Minister Lucas Palacios during the center’s inauguration.

He pointed out that, “Mercado Libre is a multinational company that is in 18 countries and has chosen Chile to make this investment of US$100 million over two years. What we are seeing now is a tenth of the investment; it will grow tenfold and, if it now has 250 employees, in two more years, it will have 5,000.”

According to Palacios, the distribution center will help the more than 30,000 companies that offer their products and services through the site, of which 21,000 are SMEs and entrepreneurs.

Alan Meyer, director general of Mercado Libre Chile, commented that, “We are very happy with the great step this means, since it not only allows us to offer a better experience and quality of service to our buyer users, but also to our sellers, who are the heart of the company.”

The company estimates that over 500 vans per day will be dispatched in the Santiago Metropolitan Region.

Source: Emol

To find out more about investment in global services in Chile, read this article.

Foreign Investor's Guide Languages

Topics: Foreign Investment in Chile- global services- Mercado Libre- Distribution center

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

Enel Green Power announces first green hydrogen project in Chile

Next Post

Mainstream obtains US$280 million to continue implementing renewable energy projects in Chile

NEWSLETTER

Subscribe to our newsletter

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

Subscribe to Our Newsletter

You can also suscribe to our Investment Review

* indicates required

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