To foster foreign investment in the Biobío Region, a cooperation agreement has been established between the Biobío Regional Government and InvestChile, Chile’s agency for promoting foreign investment. This initiative is designed to identify and develop strategies focusing on international business opportunities and creating a strong regional value proposition.
Biobío’s Regional Governor, Sergio Giacaman, emphasized the region’s advantages: “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.”
The agreement aims “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,” Giacaman added.
InvestChile Director Karla Flores noted that this collaboration will facilitate connections between priority investment opportunities identified by the regional government and their overseas offices, global teams, and international investors. “We are aiming to promote these opportunities directly with foreign investors,” she said.
Macarena Vera, Head of the Biobío Regional Government’s Industrial and Business Development Division, highlighted the importance of this milestone: “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.”
Governor Giacaman summarized the initiative’s goals by stating that “the idea is to go out and pursue opportunities that generate investment and improve quality of life for the people of our region.”
