BOGOTA, Colombia, Jan. 29, 2022 /PRNewswire/ -- Bogota is the main destination for Foreign
Direct Investment coming to Colombia from the Middle East, which includes countries such as
Saudi Arabia, Armenia, Azerbaijan, Bahrain, Qatar, United Arab
Emirates and Turkey, among
others.
A recent analysis by the investment promotion agency Invest in
Bogota showed that in the last
decade a dozen new investment and expansion projects from the
Middle East have arrived in
Colombia for more than
81 million dollars.
Bogota, with more than 70% of
the projects and investment amounts, appears as the epicenter of
Middle Eastern investment in Colombia, a position that the city hopes to
revalidate with its participation in Expo Dubai 2020.
"Bogota has important projects
that can undoubtedly generate interest in international investors
present at Expo Dubai 2020," said the Executive Director of Invest
in Bogota, Isabella Muñoz, who
recently represented the city in the global business fair.
During her trip to Dubai, Muñoz
socialized some the opportunities offered by the city in sectors
such as infrastructure and dynamic entrepreneurship. Her agenda
included meetings with the investment holding Dale Ventures, the
investment promotion agency Dubai FDI, Dubai Tourism, or the
investment fund Asas Capital, amongst others.
The city's participation in Expo Dubai 2020 is aimed at
attracting investments from strategic markets such as the African
Middle East and South Asia
(MEASA), specifically for more than 25 multi-sector projects in the
mobility and infrastructure sectors, such as the second line of the
Bogota Metro, CANOAS, Bronx
Creative District, among others.
The analysis of investments made by Middle Eastern countries in
Bogota shows that the projects
that have landed in the city correspond to economic sectors as
diverse as corporate services, financial services, transportation,
aerospace and software and IT services.
Invest in Bogota expects that
new and expansion foreign direct investment flows grew by nearly
39% in 2021 compared to 2020, a number that could put the city on
track to return to investment levels like those recorded prior to
the onset of the pandemic.