The Second Foreign Investment Encounter of Bogota, organized to commemorate the eleventh year of Invest in Bogota, focused on foreign investment’s role in Bogota’s infrastructure projects.
Invest in Bogota
The German firm B. Braun has new production plant for manufacturing surgical sutures in the country and plans to buy a pharmaceutical company to consolidate its operations in the region. These are their plans.
Colombia has now become the fourth largest market for H&M in Latin America, after Chile, Mexico and Peru and is firmly inserted in the global expansion strategy of this important Swedish clothing chain, which in 2017 chose, in addition to our country, to open stores in Kazakhstan, Iceland, Vietnam and Georgia. With its 6,000 m2 flagship store in Parque La Colina, and two more stores shortly to be opened in Centro Comercial Fontanar and Centro Comercial La Felicidad, H&M comes striding into the country’s fashion market, giving a significant boost to the textile industry in terms of
Invest in Bogota is the result of a vision conceived in 2005, when the Mayor’s Office and the Chamber of Commerce of Bogotá got together to establish an agency that would serve as the driving force behind a proactive strategy to position the city region as the ideal destination for foreign companies.
It is expected that the food and beverage sectors in Colombia will continue to grow in coming years, with Bogota as its driving engine. It is estimated that the sector will have annual sales of more than USD 21,000 million in the country in 2018. This means that the consumption of processed food will grow by approximately 10.3% per year, while the beverage market will grow at an annual rate of 8% in coming years. Colombia stands as one of the markets with high potential of industry growth in Latin America: while per capita consumption of processed food in Latin America was USD 505.40 in 2014
Bogota, the capital city of Colombia, is launching a new version of its specialized application for foreign investors seeking business opportunities in the city’s priority sectors.
Invest in Bogota, a public–private initiative between the Capital District and the Bogota Chamber of Commerce, has been recognized as one of the top global investment promotion agencies by the Best to Invest Top Agency Awards of Site Selection magazine.
Bogota boasts excellent business opportunities in the plastics industry. The capital has established a modern, competitive industry in the region with companies involved in all sub-segments of the value chain. With an industry comprising more than 200 companies covering all links of the productive chain, Bogota is home to nearly 55% of Colombia’s plastics sector sales.
Bogota is a young, diverse, modern, optimistic, sustainable and creative city, that is changing to benefit all its residents. Learn more about the balance that makes Invest in Bogota on the city, in its 475 years of its foundation.
The investment promotion agency for Bogota gathered representatives from embassies, bi-national chambers and providers or specialized services for foreign investors under the event dubbed: Joint work among the network of partners for foreign investment in Bogota.