The Productivity Board of San Juan, an organization that encompasses the Industrial Union of San Juan, the Mining Chamber of San Juan, the Argentine Chamber of Construction, and the Foreign Trade Chamber of San Juan, has issued a statement highlighting the importance of unity and commitment to ensure the economic development of the province and the country: "The RIGI is crucial to attract major investment projects."
The multisectoral entity, representing hundreds of SMEs and workers from San Juan, emphasized the need for political representatives to work without party distinctions to secure a future with greater opportunities for the province. In this regard, they called for San Juan's adherence to the Large Investments Regime (RIGI), a crucial framework to attract significant investment projects and promote local and national economic development.
"The RIGI, designed for investments exceeding US$200 million, offers legal, administrative, and fiscal stability, creating a favorable environment for growth," the Board specified. Although its regulation is still pending by the National Government, adherence in the provincial Legislature is essential to ensure investor confidence, they expanded in a recent statement. "This is especially relevant in San Juan, where mining is a state policy and the development of photovoltaic projects is a tangible reality."
Among the strongest points of the Regime, the Productivity Board stated that its implementation will reduce the perception of risk, improve the province's credit rating, and provide the appropriate framework to attract significant international investments. "San Juan has enormous potential to receive new and significant investments in various sectors such as mining, renewable energies, infrastructure, tourism, and agriculture. Adherence to the RIGI will allow these projects to be evaluated and improve the situation related to the arrival of large capital," they explained, while also indicating that the Regime will impact the entire productive matrix: "In Argentina, and especially in San Juan, mining investments have developed a wide base of local suppliers. This perspective is encouraged with copper and copper-gold projects, which require greater local insertion of goods and services for longer periods than current gold projects. The supply chain for copper mining, which includes elements such as lime and freight and infrastructure services, is part of the local mining heritage."
The statement concluded with a call to guarantee the future of the province and its inhabitants, highlighting the importance of strengthening the trust that has prevailed during years of mining development and production. "The Productivity Board trusts that the deputies of San Juan will adhere to the RIGI, aligning with the province's history and commitment to remain an attractive jurisdiction for mining development in the coming decades."
