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Government Details RIGI: 12 Approved Projects Promise 36,873 Jobs and $26.2 Billion

The projection faces questions over whether it can offset heavy losses in registered jobs.

Overview

  • The chief of staff presented a report to Congress that lists 12 large investment projects under the RIGI program, plus the Diablillos mine, with a combined 36,873 projected jobs that include direct and indirect roles across construction and operation phases.
  • The government values the approved projects at US$26.246 billion, with Diablillos adding US$764 million, and it names San Juan, Santa Fe, Buenos Aires, and Río Negro as the provinces with the most projected hiring.
  • Mining accounts for most of the forecast jobs with 18,880 roles across seven projects, followed by 9,700 in a new port at Timbúes, 3,944 in oil and gas, and 3,800 in steelmaking.
  • The pipeline remains larger on paper, as officials say 21 projects still under review could add more than 107,000 jobs and US$52.969 billion, and broader documents cite a total of US$94.965 billion with an annual export boost above US$40 billion.
  • Labor researchers and opposition lawmakers questioned the plan’s near-term impact, noting official estimates of 206,262 registered private jobs lost since December and analyst figures suggesting the approved projects would recover only about 17.8%, while TN also reports company announcements so far total US$18.351 billion and the opposition sought a censure motion.