BUENOS AIRES, May 11 (UPI) -- Argentina's government will send Congress a bill this week to create a new incentive aimed at attracting large foreign investments, with benefits that exceed those offered under the current framework, President Javier Milei said.
RIGI stands for Régimen de Incentivo a las Grandes Inversiones -- literally, the Large Investment Incentive Regime. It was created by Milei's administration in 2024 to attract large-scale projects in strategic sectors such as energy, mining, infrastructure and industry.
The proposed "Super RIGI" seeks to draw capital into economic sectors that remain underdeveloped, according to the government.
"We will send Congress a law on the SUPER RIGI, which has greater advantages than the original RIGI and will apply to sectors that have never existed in Argentina," Milei wrote on X.
The president said the new framework would "create new companies that meet the productive needs of the new dynamic sectors of the economy while multiplying the number of jobs."
