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

Topics: Retail

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.

Topics: Global services- Fintech- Banking

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

Topics: Data Center

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

Topics: Food Industry

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.

Topics: Infrastructure

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.

Topics: Retail

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

Topics: Chilean Economy

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.

Topics: Energy

Verizon is the largest telecommunications firm in the United States.

Topics: Telecomunicaciones

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.

Topics: Ranking- Chilean Economy

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.

Topics: Italian investment- Renewable energy

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

Topics: Food Industry- AgTech- Biotech

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

Topics: Technology- Data Center

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.

 

Topics: Green Hydrogen- French investment- Renewable energy

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.

Topics: Global services- Spanish investment- Transport

The Metropolitan Public Transport Board (DTPM) has released a report detailing the cumulative impact of Santiago’s electric buses eight years after their deployment.

Topics: Electromobility- Transport

The project is Chile’s first large-scale stand-alone energy storage system and the largest in Latin America.

Topics: Renewable energy- energy storage

The President of Chile, Gabriel Boric, was present at the Mercado Libre Warehousing and Distribution Center in Chile for the announcement of an investment that will create 900 new jobs.

Topics: Global services- Last-mile- Argentine investment- logistics

What challenges and opportunities face the Chilean electric system today? Distribution needs and incorporating new technology into the system create new areas for business development.

Topics: Energy- Renewable energy

Chile has exceptional conditions for clean energy production. How can this potential be harnessed for a more efficient and sustainable agribusiness sector? In this expert blog, we explore three specific opportunities.

Topics: Food Industry- Energy- Renewables