February 26, 2021 | Business & Exports

Chile ranked nº1 in most potential to attract foreign investment

Chile ranked nº1 in most potential to attract foreign investment | Marca Chile

This year, the Global Opportunity Index, by the Milken Institute, ranked Chile first place in the region, strengthening the notion of our country as a place where it is possible to create a better future, not just locally, but for the world as well. The ranking is bases on a evaluation of 96 variables and 5 main categories: 

Business Perception, Economic Fundamentals, Financial Services, Institutional Framework and International Standards and Policy.

Variables within these categories measured all angles of countries’ potential to attract investment, including the openness of the economy and its performance, transparency and workforce talent and diversity. Data sources included the World Bank, the International Monetary Fund and the Global Health Data Exchange.

Claude Lopez, PhD, author of the report and head of the Milken Institute’s Research Department says “the Global Opportunity Index measures a country’s attractiveness to foreign investors based on five broad categories that give investors the tools to determine their own appetite for risk.”

You can find the full article on Invest Chile here and download the index here.  

This achievement is reflected in our country’s level of foreign investment, which stays very active and can be illustrated with some good news we want to share with you here: 

Chile, a technological hub in Latin America
EdgeConneX, a pioneer of the development of edge data centers and a member of Oracle PartnerNetwork (OPN), has announced the addition of a new data center in Santiago, with plans to develop a second facility to meet growing demand for technological infrastructure in Chile and in the region.

Economy Minister Lucas Palacios commented “Our country needs investment that focuses on technology, innovation and the sophistication of human capital that will make us more competitive in the region and the world. Chile is a country that offers companies, operators, service providers and technology firms a solid platform for the growing digital economy. This is the direction that we are looking toward for the country’s future development.”

Read the full article from Invest Chile here. 

Circular economy, sustainability and the world’s first mining tires recycling plant

French company Michelin will build the first tire recycling plant in Antofagasta, which will include tires from the local mining industry and in the future could incorporate waste from neighbour countries such as Argentina and Perú. 

Guillermo Crevatin, general manager of Michelin Chile comments on the reasons to invest in our country: 

“They have given clear signs of interest in the circular economy and sustainability. There is significant support in terms of advice on issues of this type. Independently of what has happened since the outbreak of social unrest, the plan has not changed. Although it is a concern, the seriousness, policy continuity and continuity on key issues, even across different governments, that Chile has shown is far more important. In Chile, there is legal security and it is a country where, as investors, we feel comfortable, because the conditions are there. For this reason, we had no doubt about building this plant in Chile.”

Access the full article from Invest Chile here

This way we keep moving forward in Chile, contributing from here to a better future for all.

Chile – Creating Future

 

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