Meli to invest $102 million US in Argentina

17 Aug 2016

meli-annoucementMercadoLibre (Nasdaq:MELI), a Latin American ecommerce and classified player, announced this week it expects to invest 1.5 billion Argentinian pesos ($102.3 million U.S.) in Argentina over the next five years, while creating some 5,000 jobs.

In a press conference on Tuesday with local authorities, including Argentina’s president, Mauricio Macri, the Argentina-based company, said it also plans to expand its Vicente Lopez headquarters in the province of Buenos Aires by 2018.

“We’re going to inaugurate [some] 16,000 square meter offices at a former Philips facility and [some more] 6,000 square meters in the technology district of Parque Patricios,” the company’s CEO, Marcos Galperin, said.

MercadoLibre has some 2,000 employees in Argentina and operations in 19 countries, including Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay, Venezuela, Bolivia, Paraguay, Guatemala, Portugal, El Salvador, Nicaragua and Honduras.

The company’s announcement [in Spanish] can be seen in the video below, released by the Argentinian government.

New office in Colombia

Earlier this month, the company also said it opened a new customer service center in Colombia to “better serve users in different time zones and provide a differentiated customer service experience.”

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and Motorsport.com. His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.