These initiatives come from both national and international companies
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The Incentive Regime for Large Investments (RIGI) of the Government of Javier Milei already accumulates projects that, in total, exceed 12 billion dollars.
These initiatives come from both national and international companies and are mainly focused on the energy sectors in Vaca Muerta and mining, which concentrate more than 90% of the committed amount.
This scheme, promoted by Javier Milei's administration, seeks to attract long-term investments with impact on exports, in a scenario of fiscal adjustment and the need to generate foreign currency.
Foreign companies closely follow the country's economic evolution, and the main law firms receive numerous inquiries about the conditions for establishing businesses in Argentina.
Javier Milei, presidente de Argentina.
In the private sector, they agree that there are two key issues that must be solved for the support for Milei to translate into a greater flow of capital: the lifting of the currency exchange restrictions and the outcome of the 2025 legislative elections.
Since the RIGI was regulated on October 22nd, at least nine projects have formally submitted their application for adherence, while another, led by Grupo Techint, expressed its intention to join, although it has not yet started the process.
The projects
YPF Luz: The El Quemado solar park, located in the province of Mendoza, was the first project approved under the regime. It represents an investment of USD 211 million aimed at generating electricity from photovoltaic energy.
Posco Argentina: The South Korean-origin mining company presented a plan of USD 1 billion to advance a new phase of lithium extraction in the province of Salta. Its purpose is to supply the growing global demand for electric batteries.
Galán Lithium: Formally requested its entry into the RIGI with the aim of expanding its Hombre Muerto Oeste project in Catamarca. The investment amounts to USD 200 million and includes the production of lithium chloride, which will later be processed to obtain battery-grade lithium carbonate.
Minas Argentinas SA (Grupo AISA): Presented a plan to revitalize and expand gold extraction at the Gualcamayo mine, located in San Juan. The committed investment is USD 1 billion.
Javier Milei, presidente de Argentina.
Vaca Muerta Sur Project: This initiative, already approved by the Government, is led by YPF and other companies in the sector, such as Pan American Energy, Vista, Pluspetrol, Pampa Energía, in addition to the multinationals Chevron and Shell.
The initial investment amounts to USD 2.9 billion and will be allocated to the construction of a pipeline that will connect Vaca Muerta with the port of Punta Colorada, in Río Negro, with the aim of doubling crude oil exports from the Neuquén Basin.
Southern Energy: The company, formed by Pan American Energy and Golar LNG, joined the RIGI with a project to install a natural gas liquefaction barge in the San Matías Gulf, in Río Negro. The planned investment is USD 2.9 billion and aims at the production and export of LNG from the Atlantic coast.
Sidersa: This firm announced a disbursement of USD 300 million to establish a state-of-the-art steel plant in San Nicolás, province of Buenos Aires. The objective is to produce "green" steel, with more efficient and sustainable processes. Part of the financing comes from BID Invest, which will contribute USD 100 million.
PCR and Acindar: They plan to develop a wind farm in the Olavarría district, Buenos Aires. The first phase of the project will have an installed capacity of 180MW and an estimated investment of USD 255 million.
Rio Tinto: The international mining company confirmed an investment of USD 2.7 billion to expand its Rincón de Litio project in Salta. Its plan includes increasing production capacity to 60,000 tons annually of battery-grade lithium, through the construction of a new plant.
Tecpetrol (Grupo Techint): Although it has not yet formally submitted its application to the Ministry of Economy, the Argentine group's oil company announced its intention to join the RIGI with an investment exceeding USD 1.5 billion. Its strategy aims to expand the extraction and processing capacity of hydrocarbons in Vaca Muerta.
