Electrical equipment, materials and devices
Growing demand for electrical materials and devices
Bogota Region concentrates 71.1% of the production of electrical manufactures, equivalent to COP$150.7 billion and generates 61.5% of the exports of this type of products.
Sustained growth in domestic demand
Solid presence of consumer sectors with positive growth prospects:
Construction activity contributes COP $14,996 billion to Bogota Region’s GDP, records a strong acceleration of 6.2%, higher than the national average growth of 5.8% and well above the dynamics recorded in Mexico (0.9%) and Brazil (0.2%).
In the Bogota Region alone, 55,250 new housing units were launched in 2019.
The electricity, gas and water supply sector contribute COP$8,704 billion to the regional GDP, approximately 2.8%.
Bogota Region is the largest industrial center in the country, concentrating 41.8% of the manufacturing fabric and 37.4% in terms of jobs in Colombia.
There are also city projects with an impact on the increase in demand, such as the Bogotá metro, charging infrastructure for electric mobility and smart city solutions.
Projected to reach a fleet of 78,000 electric vehicles by 2030, mainly cabs (50,000) and buses (250 articulated).
Investment Opportunities
Manufacture of products with a high technological component and relatively low size/weight. Oriented to satisfy domestic and export demand in the U.S.A., Andean area, and Central America.
Electrical material and equipment for industrial and commercial installations
Materials and devices for the development of mass electric transportation: subways, streetcars and intermunicipal trains.
Electrical equipment for the IT sector, telecommunications, and data centers.
Recharging centers for electromobility: EV, EVH and micromobility.
Updated (mm/dd/yyyy): 06.30.2021
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Carlos Sánchez Badillo
Senior Investment Officer
csanchez@investinbogota.org
Juan Felipe Gómez
Investment Officer
jgomez@investinbogota.org
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