- The eighth edition of the event will take place in a strategic collaboration between ProColombia and Investment Promotion Agencies (APRIs) in the regions.
- The primary purpose will be to present the project offerings to consolidate Colombia as the leading destination for foreign investment in Latin America.
- Since the creation of Invest in Bogota, more than 505 foreign investment projects have been certified, representing over USD 3.7 billion influx to the city and an estimated creation of around 80,000 direct jobs.
- Priority sectors include technology-based services, agroindustry, infrastructure, shipyards, tourism, renewable energy, hydrogen, and manufacturing, aligning with the National Government’s strategy.
Bogota, Colombia. September 2023. The Colombia Investment Summit returns in its eighth edition, scheduled from November 20 to 28, focusing on presenting regional and sectoral offerings to global entrepreneurs. The event, organized by the Ministry of Commerce, Industry, and Tourism through ProColombia, is considered the primary showcase for foreign investment in Colombia.
“This edition of the Colombia Investment Summit, the first under the Government of Change, emphasizes its focus on Colombian regions. Throughout these days, strategic regions such as Antioquia, Valle del Cauca, Santander, Córdoba, Eje Cafetero, Magdalena, Atlántico, Bolívar, Meta, Cundinamarca, and Bogota will host sector-specific tours, allowing investors to immerse themselves in the richness and diversity that ‘Colombia, the country of beauty,’ has to offer,” says Carmen Caballero, president of ProColombia.
The event will commence with a high-level academic agenda in Bogota on November 20, featuring the participation of the President of the Republic, Gustavo Petro; the Minister of Commerce, Industry, and Tourism, Germán Umaña; along with other members of the presidential cabinet. Additionally, interventions from the President of the Bogota Chamber of Commerce, the Mayor of Bogota, and the President of ProColombia, Carmen Caballero, as the host of the event, are expected. The meeting will also bring together experts and analysts from the country’s investment environment, sharing their perspectives and knowledge on this topic.
Caballero added, “A key element of this edition is the strategic collaboration with Investment Promotion Agencies (APRIs) in the regions, which will play a crucial role in showcasing a solid and consolidated investment offering from Colombia as the leading foreign investment destination in Latin America.”
Foreign investors will have the opportunity to establish strategic partnerships, explore investment projects, and connect with regional investment promotion agencies, such as Invest in Bogota, who will be allies in exploring investment opportunities presented in each region.
“Since the creation of Invest in Bogota, the investment promotion agency for Bogota, we have accompanied the arrival of 505 foreign investment projects, representing over USD 3.7 billion to the local economy and an estimated creation of around 80,000 direct jobs. These projects come from more than 49 countries, with the United States, Spain, Mexico, France, and Argentina standing out, comprising 55% of the total investment. That’s why these types of events are fundamental to attracting foreign investment to the city and continue positioning Bogota as the preferred destination for doing business in Latin America,” says Isabella Muñoz, executive director of Invest in Bogota.
The priority sectors for attracting foreign investment align with the National Government’s strategy, aiming to promote sustainable investment, contribute to a just energy transition, enhance competitiveness, and support the integrated development of territories. These sectors include technology-based services, agroindustry, infrastructure, shipyards, tourism, renewable energy, hydrogen, and manufacturing.
Foreign Direct Investment, a pillar in the government agenda
The Colombian Government has reaffirmed its commitment to attracting investment that contributes to building peace and benefits sectors most affected by inequality, in line with the values of social, economic, and environmental justice that the country seeks to achieve.
ProColombia, as the leading entity in promoting foreign investment in Colombia, works to boost the country’s sustainable growth by facilitating the arrival of foreign investment that promotes innovation and technological transfer, generates exports with added value, and promotes the development of human capacity.
During the first year of President Gustavo Petro’s administration, ProColombia and regional investment promotion agencies (APRIs) facilitated the arrival of 178 new investment projects, expected to generate over 79,900 new jobs in various regions of the country in the next two to three years.