June 4, 2020

ProColombia is chosen the best investment promotion agency in South America



ProColombia was recognized for the second consecutive year as the best investment promotion agency in South America by Site Selection magazine, specialized in economic development, the government office reported on Saturday.

“This is an acknowledgment that motivates us to continue working for the benefit of Colombia. It represents the unity, passion and dedication of the team that does its best every day and that in the midst of this situation has responded with creative and innovative initiatives” ProColombia President Flavia Santoro said in a statement.

In the annual report “Global Best to Invest”, by Site Selection, ProColombia was selected in the “Top Investment Promotion Agencies 2020” category, which took into account the appreciation of the global investor market that considers the best in its and the most competent class to do the job of creating jobs and opportunities for their citizens.

According to the report, these agencies “will bear much of the burden of helping to rebuild economies and replace lost jobs, in response to this unprecedented challenge,” referring to the situation that different countries are experiencing as a result of the coronavirus.

By 2020, despite the slowdown in the economy due to the pandemic, ProColombia has set a goal of attracting 170 new non-mining energy investment projects.

This year, among the best promotion agencies in Latin America and the Caribbean, the Site Selection also highlighted Panama Pacifico, Curinde (Curaçao) and Investe Sao Paulo.

In the analysis carried out by the publication, he also highlighted that “Colombia has the leading workforce in terms of growth and training in the region and is one of the most important information technology markets in Latin America.”

BUSINESS DOES NOT STOP

On May 12, the Colombian Government announced that, despite the economic and social difficulties faced by the country due to the emergence of the coronavirus, 45 new foreign investment projects will arrive, totaling more than 1,477 million dollars and generating nearly 17,000 new ones. jobs

The initiatives, which will contribute technology, technology transfer and development in the different regions where they will be established, come from 21 countries.

For the Government, even in the midst of the challenges posed by COVID-19 in transport and marketing, Colombia continues to be an attractive country for investors, mainly due to the conditions of the export platform they find in the South American nation, as well as tax incentives and the skilled labor it offers.

In the last report of the Banco de la República (issuer), it was revealed that between January and April of this year, total foreign direct investment (FDI) flows amounted to 3,533 million dollars, a figure that represents an increase of 165 , 5 million dollars compared to the same period of 2019.

Last March, the Government stated that foreign direct investment totaled 14,493 million dollars in 2019, the highest figure in the last six years, and its main protagonists were the United States and Spain.

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