MercadoLibre To Invest $100 Million in Argentina

Source: Nearshore Americas
By: Narayan Ammachchi
08.29.2016

Latin American online retail firm MercadoLibre is investing more than US$100 million in Argentina over the next five years, creating as many as 5,000 jobs.

Marcos Galperin, the company’s CEO, said the investment plans reflect growing investor confidence in the Argentinean economy.

The majority of the investment will be used for expanding its office complexes in Buenos Aires and providing training for online technology professionals.

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