21 de May 2020

Despite the pandemic, Bogota keeps receiving investment projects: these are some of the companies that have arrived this 2020

Inversión en Bogotá

Software development, medical devices, infrastructure, and creative industries are some of the sectors that are attracting foreign investment. Fourteen projects supported by the city´s Investment Promotion Agency, Invest in Bogota, are generating nearly 2,800 direct jobs.

Invest in Bogota

Bogota, May 2020. A total of 14 international companies from various sectors of the economy carried out investment projects in the capital of Colombia during the first months of the year, accompanied by Invest in Bogota, the city's foreign Investment Promotion Agency.


“These projects are bringing investments of 35 million dollars, resources that will translate into quality jobs for thousands of citizens of Bogota and economic development for the capital; vital during these times when it is necessary to mitigate the impact of the crisis generated from the COVID-19”, highlighted Juan Gabriel Perez, Invest in Bogota´s Executive Director. 


It is estimated that 14 investment and reinvestment projects will also allow the creation of nearly 2,800 jobs in sectors such as infrastructure, business processing outsourcing, manufacturing, or software development. 


The United States (with four projects) and Argentina (with three projects) are the countries from which most of the investment comes from. Also, projects from Germany, Argentina, Australia, Canada, China, India, England, and Mexico have arrived in the capital.


In regards to sectors, a third of the projects that arrived in the city were from BPO and shared service centers, a sector in which Bogota stands out for being a regional hub due to its strategic location, talent availability, and telecommunication connectivity.


In this sector, one of the companies that recently announced its nearshore expansion into Bogota is the American based international business process outsourcing company OutPLEX. As their core competency is digital transformation, Bogota was their ideal choice due to key factors the city offered, such as infrastructure, language, education, and technical skillsets. The Company is excited to create hundreds of new jobs in both digital engagement and voice services to continuously provide best-in-class support to global brands. 


Information Technology was also a sector that received investment projects in the first months of the year. One of the companies that came to the city in this industry was Canadian Trajectory Inc. From Bogota, this company provides business consulting services and ERP technologies for the North American and Latin American markets.

In the creative industries sector, one of the most prominent investment projects came from the American company One Thousand Birds, an audio post-production studio that began operations in the country in February. From Bogota, OTB made the edition of 'Shithouse', awarded as the best feature film of 2020 at the SXSW festival.


“The arrival of these type of projects in the city gives us confidence that, even in times of uncertainty like the ones we are experiencing right now, Bogota continues to exist in the plans of international companies and will continue to be one of the most important investment destinations on the continent”, stated Juan Gabriel Perez.