The company plans to have eighty stores in Chile within the next five years.
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A report prepared by the Universidad del Desarrollo’s Studies Center in Economics and Business in collaboration with nine binational chambers of commerce reveals that confidence has moved from neutral to optimistic.
According to a study conducted by EY and FinteChile, 60% of survey respondents saw their clientbase grow and 71% are seeing an increase in sales.
SDC Santiago has outperformed the multinational´s software development centers in Dublin and Atlanta, where products are created and marketed in the 24 countries in which the company operates.
The project is part of the US$55 million that its parent company, Bimbo, will invest in Chile over the next two years.
The amount includes the US$150 million being disbursed by the 7mn-customer company in Chile’s just concluded spectrum tenders.
The first stage of the project will cost US$30 million and will be the company’s largest investment in Chile. In the future, the plant could also recycle tires from other countries such as Argentina or Peru.
In its Global Opportunity Index, the Milken Institute highlights the friendliness of Chilean institutions to foreign investors.
The US company indicated that it selected Chile as a pioneer in the adoption of public cloud services and due to the large increase on customer demand.
The multinational plans to build two new IT rooms to expand the capacity of its data center to over 2 MW.
A third of the regional investment plan will go to Chile over the next four years, the company’s general manager in Chile, Alfredo Solar, told PAUTA.
The government has received around 20 financing proposals for the transoceanic cable. KPMG has managed negotiations with investors.
Chile’s green hydrogen strategy, which was launched yesterday, has three objectives: to produce the world’s cheapest green hydrogen by 2030, to be among the three largest exporters by 2040, and to have 5 GW of electrolysis capacity under development by 2025.
The initiative forms part of Andes Renovables, a wind and solar generation platform worth approximately US$1,800 million.
Chile’s government is considering ways to boost the attractiveness of green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral.