Also means
to come to fruition
Usage Note
Materializar means to cause something abstract to become real, or (reflexively, materializarse) for a plan or hope to actually happen. The reflexive form is especially common: el acuerdo no se materializó (the agreement never materialised). It follows the -izar pattern: spelling change in preterite materializé → materialicé.
Examples
"El proyecto finalmente logró materializarse después de años."
Natural Translation
The project finally managed to materialise after years.

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