Santiago → Pucón → Puerto Varas → Bariloche→ Buenos Aires
Argentina's Hub for Tourists and Industries
San Carlos de Bariloche lies in the province of Río Negro, Argentina situated on the foothills of the Andes and Argentina's Lake District. A growing population of 93,000 relies heavily on the city's main economic activity, year-round domestic and international tourism. Visitors flock to Bariloche, which is famous for sightseeing, water sports, climbing, and skiing, including one of the most important ski centers in South America, Cerro Catedral.
Besides tourism and hospitality industries, Bariloche is home to first-class scientific and technological activities, including a division of the National Atomic Energy Commission (CNEA). Responsible for Argentina's nuclear energy research and development, CNEA currently has three main research centers in the region, including the Centro Atómico Bariloche in Bariloche.
The city is also home to INVAP, a high technology constructor of nuclear reactors, satellites, and ground stations. Thanks to the wide experience of multimillion, high complexity projects at INVAP, Argentina is now known worldwide as a reliable supplier of nuclear facilities, as well as of cobalt therapy and industrial automation equipment.
Sara's Investment Outlook
Most American investors consider China the hottest emerging market in the world. Unfortunately, they’re dead wrong. India has seven times more impact on the U.S. than China!
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Investors might be drooling over INVAP; so sorry to disappoint. INVAP is state-owned, and with the nationalization trend in Argentina not likely to go public any time soon. Most of INVAP's partners and customers are government and state-owned companies, so there's little good proxy in this field.
One interesting development is the growth of alternative energy in South America as a whole, but in Argentina in particular. The Antonio Moran wind park in Chubut, a southern province, is the largest wind farm on the continent. And now government and state-owned companies are getting in the mix. With Spanish or Danish wind turbines used heavily, so you might expect to see companies like Gamesa S.A. (GAM:Madrid) (GCTAF:PINK) or Vestas (VWS:Copenhagen) (VWDRY:PINK) shipping products to the area.
