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Argentina

Argentina to host second RIGI business matching event on December 2

The event pairs large investment projects under the incentive regime with local suppliers, a step that matters for export growth and job creation.

Photo: Anderson Peres, Pexels

What happened

Argentina's Ministry of Economy announced a second business matching event under the Large Investment Incentive Regime, with an emphasis on hydrocarbons. Blue Dollar The event is scheduled for Wednesday, December 2, in Buenos Aires Province, and President Javier Milei is expected to attend. Blue Dollar Economy Minister Luis Caputo said 48 projects worth almost US$210 billion have applied to the regime and US$7.7 billion has been invested so far. The Ushuaia Times Thirty of the 48 projects are approved, worth about US$80 billion, and the ministry counts a project as approved once its resolution is published in the Boletin Oficial. The Ushuaia Times

Around it

The first matching event took place a week earlier in Rosario, Santa Fe, where companies connected with more than 2,500 local suppliers. Blue Dollar Caputo said the projects would create about 250,000 formal jobs and generate about US$50 billion in exports in 2030. The Ushuaia Times Caputo forecast that mining exports would grow a further 200% over the next five years, and the Economic Commission for Latin America and the Caribbean projects exports could surpass US$100 billion in 2026. Panorama Minero+1

What comes next

Caputo said more applications will arrive in the coming months. The Ushuaia Times

Sources

  1. Blue DollarCaputo links local suppliers to RIGI-backed energy developments
  2. Panorama MineroCaputo Forecasts Strong Growth in Mining Exports and Highlights RIGI Progress and Local Suppliers
  3. The Ushuaia TimesGovernment Says Projects Applying for Tax Breaks Total US$210 Billion

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