• The recognition by the prestigious Site Selection magazine highlights the services provided to overseas companies during and after implementing an investment in Chile.

In its Global Best to Invest 2020 Report, the Site Selection international magazine recognized InvestChile as the best investment promotion agency in South America. The report is based on information provided by 1,000 investment experts from around the world, principally executives responsible for decision-making in their company.

This is the second time that InvestChile has been recognized by the magazine, which also included it in its awards last year. This year, it shares top place with ProColombia.

To select the winning agencies, Site Selection evaluates factors such as professionalism, preparation, leadership and the agencies’ personnel in areas such as having a team of professionals who are receptive to enquiries, standing out for its reputation for protecting investor confidentiality and providing comprehensive services that include the post-investment period.

Other factors considered are knowledge of the subject and linguistic diversity, offering user-friendly data and information (time required for permits and processes) and having a website that is easily accessible, efficient and modern.

Juan Araya, acting InvestChile director, expressed the agency’s thanks for the recognition, emphasizing that InvestChile’s work is reflected in the growth of its portfolio of projects in 2019, which reached 413 initiatives at different stages of development, representing a potential investment of US$17,199 million. “We are proud that the work of our team has been recognized for the second time; we strive every day so that more overseas companies choose Chile for their projects or new investments, especially in today’s complex context,” said Araya.

The report, which is divided by geographical area, also recognized agencies from Ireland, Germany and Hungary in Europe; Singapore in Asia-Pacific; Costa Rica and Trinidad and Tobago in Central America and the Caribbean; and Morocco and Israel in the Middle East and Africa, among others.

The US-based Site Selection magazine has over 50,000 high-level subscribers, who include company presidents or CEOs (26%), directors (16%) and owners (14%). According to its editors, the magazine’s subscribers generate nearly 230 new investment projects each month, which are worth a total of US$28,000 million and create more than 31,000 jobs.