• The initiative will help identify and develop a strategy focused on international business opportunities and building a compelling regional value proposition.

To boost foreign investment in Chile’s Biobío Region, a new cooperation agreement has been signed between the Biobío Regional Government and InvestChile, Chile’s foreign investment promotion agency.

“Biobío has comparative advantages due to its logistics and port capabilities, which we have successfully turned into competitive advantages. But it’s not enough to have these attributes, we must make sure they’re used effectively,” said Biobío’s Regional Governor, Sergio Giacaman.

This agreement is expected “to attract significant investments to the region in the context of deeper international engagement with India, the United States, and China, as well as neighboring countries,” he added.

“This agreement will enable us to connect priority investment opportunities identified by the regional government with our overseas offices, global teams, and international investors. We are aiming to promote these opportunities directly with foreign investors,” said InvestChile Director, Karla Flores.

“This is a hugely important milestone for the Biobío Region. The governor has tasked us with developing an internationalization strategy to connect our region’s SMEs and medium-sized companies with global markets. This agreement will enable us to identify companies that want to invest here,” said Macarena Vera, Head of the Biobío Regional Government’s Industrial and Business Development Division.

In summary, Giacaman stated that “the idea is to go out and pursue opportunities that generate investment and improve quality of life for the people of our region.”