The hybrid complex, with over 695 MW of power, features Latin America’s most extensive battery system and is the largest project in the company’s history.

Three years after its debut in Chile, IKEA is consolidating its position as a success story in South America. Its stores in Chile have been the fastest-growing in the world for two consecutive years, driving foreign investment and retail innovation.

Multinational fuels company Gulf Oil International speeds up its expansion in Chile with its local partner, Cabal. After opening its tenth service station, the company plans to reach nearly 100 stations in the next five years and make the country a cornerstone for its regional growth.

The British natural cosmetics company, which has been operating in Chile for 23 years, plans to continue expanding and reach US$10 million in sales.

Chile is developing highly-qualified human capital in areas such as cybersecurity, data science and artificial intelligence. With public programs and global alliances, the country is consolidating its position as a tech hub and strategic destination for foreign investment.

The Chinese company will acquire the Chilean home improvement chain for US$123 million.

With nearly 2 million users and backed by the Peruvian conglomerate Credicorp, Tenpo is set to become Chile’s first fully digital bank. Its entry into the financial system will mark a major milestone in the industry’s transformation, offering a branchless model, credit products, and an enhanced digital platform.

This funding will be used for the construction of three hyperscale data centers and an electrical substation in Chile. 

With an investment of US$30 million, the Swiss multinational expanded its plant in Teno, Maule Region.

The company, through its Grupo Costanera subsidiary, was awarded the concession for a 126-kilometer highway on Chiloé, strategically located for the island’s connection to the mainland.

The initiative includes an expansion of more than 65,000 m2, with an automated sector that will contain more than 1,400 autonomous robots and new technologies, focusing on logistics and in-store product availability.

Recent approval of the Sectoral Authorizations Framework Law will reduce permit processing times by between 30% and 70%, without affecting regulatory standards.

The Saudi oil giant has entered the Chilean market as a new wholesale fuel supplier and operator of service stations, replacing Copec as a partner of the LATAM Pass loyalty program. This move strengthens Chile’s appeal for foreign investment in the energy and retail sectors.

Verizon is the largest telecommunications firm in the United States.

After two years with no change, Chile has climbed two places in the IMD World Competitiveness Ranking, reaching its highest position since 2019. This improvement was driven by the country’s economic performance, although challenges remain in infrastructure, productivity, and innovation.

Backed by SIMEST and supported by InvestChile, the Italian company has connected its first two solar power plants in Chile, and plans to expand its presence with a portfolio of 15 projects, incorporating new technologies to strengthen the country’s energy transition.

From functional ingredients to sustainable packaging and innovative aquaculture, Chile offers unique competitive advantages for companies in the global food sector.

The new infrastructure investment is specifically intended for the construction of three data centers, which will be located in the province of Santiago.

The French company officially submitted its H2 Magallanes initiative to the Environmental Impact Assessment System (SEIA). As another new milestone in Chile’s energy transition strategy, the record US$16 billion investment positions the Magallanes Region as a key clean energy production hub.

The Spanish company won the public tender to provide official transportation services at Chile’s main airport, in one of its largest investments since initiating operations in the country.