Minister of Economy and Energy Álvaro García met with representatives from foreign chambers of commerce and embassies at the “Streamlining Investment: Practical aspects of the new Framework Law on Sectoral Authorizations” conference. The event, organized by InvestChile, focused on the recently enacted law designed to simplify and accelerate permitting processes for projects in sectors such as energy, mining, health, and infrastructure.
During the conference held at the ministry’s offices, Minister García explained details of the law that was published in September. He also answered questions from attendees about how it would impact investment projects across different industries.
Acting InvestChile Director Juan Pablo Candia opened the event by welcoming participants. Candia highlighted Chile’s long-standing reliance on foreign investment for development. He cited projections from Corporación de Bienes de Capital indicating that foreign investment is expected to make up 74.4% of over US$60 billion in private investment anticipated by 2028. Candia also noted that international companies are leading investments in areas crucial to addressing climate change—such as renewable energy and critical minerals—as well as in building technological and digital infrastructure.
“Today we have a new scenario, which we hope will pave the way for foreign companies to undertake projects in our country, develop them and continue to contribute employment, technology, training and best practices to our economy,” said Candia.
