Argentina-based e-commerce platform MercadoLibre will invest $420 million this year in Mexico, its fastest-growing market, up 46% from 2019. The company will focus its spending in Mexico on logistics, financial services and expanding its brands and products, said MercadoLibre’s Mexico chief executive, David Geisen. MercadoLibre’s net revenue in Mexico jumped 152% last year to $275 million
Telecom announced a $125mn investment to finance works that include "the deployment of the 4G mobile network and the expansion of broadband services." Biomasa Rojas will reactivate two projects for power generation or chemical production, for a total of $45mn. German company DHL will invest $5.7mn in its new Parque Ciudad distribution centre in Buenos Aires city. The real estate developer Haras del Sur will allocate $3mn to the construction of the "Paseo Comercial Haras del Sur" shopping centre.
Argentina switchgear market is anticipated to grow at CAGR of 1.3% during 2019-2025 on account of increasing number of renewable power projects under the government initiative RenovAr and improvement of power transmission infrastructure, says a Research and Markets report.