February 19, 2021
Investment

InvestChile to meet principal Middle Eastern investment funds to promote concessions and green hydrogen

InvestChile to meet principal Middle Eastern investment funds to promote concessions and green hydrogen
InvestChile’s activities form part of a tour to the Middle East led by the Undersecretary for International Economic Relations, Rodrigo Yáñez, organized in conjunction with Chile’s Ambassador to the United Arab Emirates, Jorge Daccarett.

The Middle East will be one of the focuses of Chile’s foreign investment promotion in the first quarter of this year. In line with this, the director of InvestChile, Andrés Rodríguez, will be meeting with five of the region’s main sovereign wealth funds, which together manage some US$1,423,000 million in assets.

The meetings, starting on Monday, February 22, in which Rodríguez will be accompanied by the head of InvestChile’s Promotion Division, Salvatore Di Giovanni, will include the Qatar Investment Authority, the Public Investment Fund (Saudi Arabia), the Kuwait Investment Authority, the Investment Corporation of Dubai and the Mubadala Investment Company (United Arab Emirates). The meetings will focus on Chile’s concessions portfolio, principally the most important highway projects which have a value of over US$400 million (2021-2023), and the electricity transmission portfolio, principally the HVDC Kimal-Lo Aguirre line, which represents an investment of US$1,480 million, as well as the opportunities that Chile offers in terms of green hydrogen, including the country’s potential to position itself as a global supplier and the advantages of exporting this fuel to Asian-Pacific markets.

InvestChile’s activities form part of a tour to the Middle East led by the Undersecretary for International Economic Relations, Rodrigo Yáñez, organized in conjunction with Chile’s Ambassador to the United Arab Emirates, Jorge Daccarett.