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Argentina’s $38 Billion Investment Wave Pledges 100,000 Jobs, With Patagonia and Cuyo Out Front

Analysts say local training, supplier programs, logistics upgrades will decide whether promises become jobs.

Overview

  • A new IERAL tally finds investment announcements over the past 18 months total about $37.99 billion and promise at least 100,000 jobs nationwide.
  • Patagonia leads with $12.284 billion tied to Vaca Muerta shale and an estimated 35,564 jobs, followed by Cuyo at $10.146 billion and 27,575 jobs driven by copper and gold mining.
  • The NOA posts $7.705 billion centered on lithium but only about 11,150 direct jobs, while the NEA shows $2.658 billion yet 13,718 jobs thanks to a planned pulp mill in Corrientes.
  • The national RIGI program, a tax and currency incentive for large projects, has $29.014 billion approved so far against a government-cited $140 billion pipeline, with about $700 million already entering under a rule that lets 40% flow within two years.
  • IERAL urges provinces and cities to grow local suppliers, train workers and improve roads and permits because many projected jobs depend on a few big builds turning from plans into construction.