The Regional Government of Valparaíso and InvestChile, the Foreign Investment Promotion Agency, have taken a significant step toward attracting foreign investment to Valparaíso by signing a Collaboration Agreement. This milestone agreement aims to strengthen the region’s investment appeal, foster economic growth, and establish Valparaíso as a hub for innovation, logistics, and sustainable development.
Strengthening Investment Opportunities in Valparaíso
This agreement will consolidate joint efforts to promote new investment opportunities, create favorable conditions for business development, and enhance the region’s long-term economic sustainability. The Regional Governor of Valparaíso, Rodrigo Mundaca, emphasized the importance of this collaboration, noting that the government has worked closely with InvestChile for the past year to ensure that foreign investment aligns with the region’s most pressing needs.
“Attracting foreign investment to Valparaíso plays a vital role in the region’s economic strategy. It is highly relevant that our investment attraction efforts focus on key areas such as logistics, renewable energy, and innovation,” Mundaca stated.
Why Valparaíso? A Prime Destination for Investors
Valparaíso boasts characteristics that make it an attractive destination for foreign investors. The region has a diversified economic structure encompassing mining, agriculture, tourism, port operations, culture, and higher education. By signing this agreement, the Regional Government and InvestChile aim to maximize investment potential, strengthen territorial capabilities, and enhance the region’s economic landscape.
The ultimate objective is contributing to residents’ well-being while positioning the region as a science, technology, logistics, and creativity leader.
Addressing Regional Challenges with Strategic Investments
Governor Mundaca highlighted the region’s economic significance: “Today, the Valparaíso Region is the most important in the country, as it hosts the nation’s key ports.” The region faces challenges related to electromobility, a critical issue on both a regional and national scale.
“Ports and electromobility are crucial challenges, as is investing in a growth economy centered on science, technology, knowledge, and innovation. These factors define how we add value to the raw materials extracted here and contribute to a sustainable, environmentally friendly, and socially responsible economic development model,” Mundaca added.
Building a Dynamic and Sustainable Economic Ecosystem
The agreement will also enhance regional governance, facilitating the transition to an economic landscape that fosters a more dynamic, innovative, and inclusive economy. Attracting foreign investment to Valparaíso is about bringing in capital and building partnerships that generate long-term benefits for the region’s businesses, workforce, and communities.
InvestChile’s Commitment to Regional Development
Karla Flores, National Director of InvestChile, expressed her gratitude to the Regional Government and Governor Mundaca, acknowledging the trust in this partnership. She emphasized, “This agreement enables InvestChile to provide all its capabilities to the Regional Government, actively seeking and supporting international investment projects that align with the region’s strategic priorities.”
InvestChile is key in identifying investment opportunities and connecting international companies with regional development strategies. “At the national level, our Ministerial Committee sets priorities regarding which projects to pursue and the types of companies needed to support sectoral development strategies. However, we recognize that each region has unique needs. Our goal is to identify the investments the Regional Government prioritizes and support the region in building the necessary capacities to attract and sustain these investments,” Flores explained.
A Coordinated Approach to Investment Success
InvestChile and the Regional Government are committed to a collaborative approach in attracting foreign investment to Valparaíso. This partnership requires coordinated efforts from regional authorities, local stakeholders, and international investors to ensure a seamless investment process.
“This is a relay race: we can identify potential investors, but it requires a joint effort to facilitate their entry, support their business case development, and ultimately convince them that Valparaíso is the best place to establish operations. Beyond that, we must assist them in successfully implementing their projects to create real economic impact,” Flores added.
Key Objectives of the Collaboration Agreement
The main objectives of this agreement include:
- Facilitating Foreign Investment: Promoting strategic sectors, including infrastructure, logistics, creative industries, and renewable energy.
- Enhancing Regional Development Strategies: Strengthening the region’s productive potential and generating employment opportunities.
- Encouraging Technical Cooperation: Supporting knowledge transfer, research, and development initiatives.
- Providing Technical Assistance: Sharing key economic and market insights to support investment decisions.
- Creating Synergies: Building strong connections between local and international stakeholders to maximize the benefits of foreign public-private investment.
- Promoting Sustainability: Ensuring investment projects align with environmentally friendly and socially responsible business practices.
A Vision for the Future
This partnership marks a transformative step in attracting foreign investment to Valparaíso. By leveraging the strengths of both the Regional Government and InvestChile, the agreement paves the way for a more resilient and dynamic regional economy.
With a strong commitment to sustainability, innovation, and economic inclusivity, Valparaíso is positioning itself as a premier destination for international investors. As the region embarks on this new phase of development, strategic investment efforts will play a pivotal role in shaping its future prosperity and global competitiveness.