BuySellBA
Administrator
Argentina hasn't made the list since 2013. Foreign investments are going to surge this year and for the next few years. Argentina should jump ahead several spots next year. You can read the full report here:
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First time in 11 years that Argentina is back on Kearney Foreign Direct Investment Confidence Index of most reliable countries for foreign investments
- Thread starter BuySellBA
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earlyretirement
Moderator
For sure foreign investment should explode in Argentina with Milei as President. He is meeting with Elon Musk in a few days in Texas. Imagine if Tesla invests in Argentina. The other companies will follow.
Betsy Ross
Well-known member
It is exciting to finally see someone like President Milei clean up house and end a lot of corruption. Probably impossible to totally end but never thought I would see some of the things going on in Argentina. 🥳🥳🎉🎉
import export
Well-known member
Very true. First time in a while that several colleagues in the oil industry are telling me they are heading back to Buenos Aires for work meetings. It has been a while but companies are looking to enter Argentina now.
Finance Prof
Well-known member
Looks like your colleagues were correct! After the Omnibus law passed tons of investments! 5 Projects valued at over USD 39 Billion in investments. This will bring thousands of jobs to Argentina.
-YPF-Petronas US$ 30 billion
-BHP/Lundin (copper) US$ 5 billion
-BHP/Lundin (copper) US$ 3 billion
-TGS (gas pipeline) US$ 700M
-Sidersa (metallurgical) US$ 300M
Betsy Ross
Well-known member
That passing of the Omnibus was huge. It opened the door for many foreign investors to come into Argentina. Only thing that is a negative is things here will get expensive again.
Digital Nomad
Well-known member
Yes my girlfriend's father is in finance here and he said that things are going to explode here. If you research it used to be $1 dollar = 1 Peso and it was very expensive here. It could go back to that. I am trying to rush and buy a place here before prices keep going up.
It is true that Argentina will probably get very expensive again. 🙁
Billy Goat
Well-known member
None of this would have happened without the Omnibus law passing. People can see what happens once President Milei is able to put forward his ideas. Foreign investments are key to Argentina's success.
Uncle Wong
Well-known member
Yep. Companies are flat out saying that without it, no way they would invest. And the bonehead Axel Kicillof is seeing how going against it cost him big time.
YPF chooses Río Negro, not Buenos Aires Province, for new LNG plant
Bahía Blanca was one of the areas being considered to house the ambitious project which will require between US$30 billion and US$50 billion; Decision is a major blow for nation's most populous region.
www.batimes.com.ar
Opera Fan
Active member
I also fear this. I do want to see things improve for the country and locally but my biggest fear is that as the country improves things will become very expensive here. I wonder if prices here will ever be priced in dollars again like previously when it was very expensive here. If that happens, I would potentially be priced out here. And so would others that are operating on fixed incomes or social security payments.
BuySellBA
Administrator
Pfizer and Sinergium to invest $20 million in Argentina to produce a pneumonia vaccine: it will be exported to 30 countries with a potential of $100 million annually.
The country will be the first to produce it in Latin America and the second globally, behind Belgium. Argentina is positioning itself as a regional leader in vaccine production thanks to a historic agreement between Pfizer and Sinergium Biotech. This collaboration will allow for the local manufacturing of the 20-valent pneumococcal vaccine (VCN20), also known as Prevenar-20, at Sinergium's plant located in Garín, Buenos Aires province.
Investment: $20 million allocated for training, engineering works, and acquisition of state-of-the-art equipment.Production: An estimated 10 million doses will be manufactured annually.Export: The vaccine will be exported to 30 countries in Latin America and the Caribbean.Economic Potential: Foreign currency income is projected to be close to $100 million annually.
Regional and Global ImpactArgentina will become the first country to produce this vaccine in Latin America and the second worldwide, after Belgium. This achievement positions the country as a key player in the production of highly complex vaccines, improving accessibility for the entire region.
The country will be the first to produce it in Latin America and the second globally, behind Belgium. Argentina is positioning itself as a regional leader in vaccine production thanks to a historic agreement between Pfizer and Sinergium Biotech. This collaboration will allow for the local manufacturing of the 20-valent pneumococcal vaccine (VCN20), also known as Prevenar-20, at Sinergium's plant located in Garín, Buenos Aires province.
Investment: $20 million allocated for training, engineering works, and acquisition of state-of-the-art equipment.Production: An estimated 10 million doses will be manufactured annually.Export: The vaccine will be exported to 30 countries in Latin America and the Caribbean.Economic Potential: Foreign currency income is projected to be close to $100 million annually.
Regional and Global ImpactArgentina will become the first country to produce this vaccine in Latin America and the second worldwide, after Belgium. This achievement positions the country as a key player in the production of highly complex vaccines, improving accessibility for the entire region.
Betsy Ross
Well-known member
Wow I had no idea they were aspiring to become a leader in vaccine production.
daveholman
Well-known member
About 10 million people a year in SA and the Carib, apparently
None for me.
Uncle Wong
Well-known member
I agree about getting another COVID vaccine. I won't do that but these other vaccines have been around a long time and proven to be safe.
daveholman
Well-known member
I'm not a fan, either. The point is JOBS. Someone is going to get paid to work in the pharmaceutical factories. It might as well be Argentines. Pharmaceutical companies are a big reason Puerto Rico has the highest standard of living in the Caribbean.
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