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Valle del Cauca expects a foreign investment of 200 million dollars

The department of Valle del Cauca, whose economy is the third in Colombia, expects to attract 24 projects of foreign capital in 2018 with investments of over 200 million dollars, Official sources said today.

Cali (Colombia), Nov 24 (EFE) .- The department of Valle del Cauca, whose economy is the third in Colombia, expects to attract 24 projects of foreign capital in 2018 with higher investments to 200 million dollars, official sources said today.

"Next year we see it with enough enthusiasm because we expect to receive 24 projects with amounts of more than 200 million of dollars and the generation of 2,500 new jobs, "Alejandro Ossa, executive director of Invest Pacific, the investment promotion agency of the region, told Efe. Pacifica.

Al Valle del Cauca, which has 4.6 million inhabitants and represents 9.3% of Colombia's GDP and 9.6% of national agricultural production, looks with interest international companies from the agricultural and service areas.

According to Ossa, "in 2018 the agricultural sectors will move, which is why Peruvian, Chilean and Chilean companies have a lot of appetite. Mexicanas, and Zonamérica, the largest free trade zone that Colombia will have. "

So far this year, 20 projects with investments of 150 million have arrived in Valle del Cauca. of dollars and the creation of 2,000 jobs, for which Invest Pacific invited 50 commercial aggregates and representatives of binational chambers of 25 countries to know the potential of the region.

During the visit, this Thursday and Friday, the "international influencers" will listen to the reasons of the regional authorities and the businessmen already settled to invest in this department, especially in bio-businesses, shared services and export platforms.

Likewise, they will know first-hand the great economic "attractions" of the Valle del Cauca and Cali, its capital.

It is, explained the governor of the Valley, Dilian Francisca Toro, of the "strategic location, which favors the excellent costs to attend the national market and the external one due to its proximity to the port of Buenaventura, the main one on the Colombian Pacific ".

In this region of the southwest of Colombia more than 150 multinationals.

"The strength of Valle del Cauca is enormous considering that with just 2% of Colombian territory it has the capacity to generate 16% of wealth. industrialist of the country, "said the president of the Chamber of Commerce of Cali, Esteban Piedrahita.

He added that the economy of Valle del Cauca has the size of Bolivia or Costa Rica and that its GDP "has grown above the national since 2014, so it is clear that there are plenty of reasons to invest in this part of the country."

The Valle del Cauca industry annually produces 1,882 million dollars and contributes 11.6% of Colombian non-mining energy exports.

"We want you to fall in love with this land and bring the good news to your countries that in Colombia there is a region called Valle del Cauca with the optimal conditions to do business, "said the mayor of Cali, Maurice Armitage.

The local president shared with the international delegation his experience in the business field in the steel, cement and sugar areas.

"In Colombia everything is still to be done and now that we are beginning to enjoy Peace is the perfect opportunity for them to come and do business, "Armitage said.

Invest Pacific has managed to attract 82 new foreign investment projects in seven years that have mobilized 700 million dollars and created around 7,800 jobs in agro-industry, services and alternative energies.

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