Meli to invest $102 million US in Argentina
17 Aug 2016
MercadoLibre (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.”