Narayan AmmachchiLatin American e-commerce major Mercado Libre has announced a US$3.4 billion investment in Argentina, alongside plans to hire 1,900 employees by the end of this year.
A significant portion of the investment will be directed toward expanding logistics infrastructure, including the development of new storage facilities, as well as enhancing its technology ecosystem — particularly its digital payments platform.
The planned outlay marks a 30% increase from the $2.6 billion investment announced for 2025, underscoring the company’s accelerating growth strategy in the region.
Founded in Argentina, Mercado Libre has grown into a regional powerhouse comparable in scale to Amazon across Latin America. In 2025, the company reported revenues of $28.9 billion, reflecting a 39% year-on-year increase, alongside a 22% rise in operating income.
“We are going to expand our logistics infrastructure to reach every point in the country faster and better and, at the same time, deepen financial digitization,” said Juan Martín de la Serna, President of Mercado Libre Argentina, speaking at an event in New York attended by Argentina’s President Javier Milei.
Mercado Libre currently employs more than 16,700 people in Argentina. The addition of 1,900 new roles is expected to further strengthen its position as one of the country’s largest private-sector employers. The platform also supports over 2.7 million SMEs and entrepreneurs who sell products through its ecosystem.
In addition, the company reported tax contributions of US$1.999 billion in Argentina in 2025, marking the highest level recorded to date.
Add comment