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Bogotá – Colombia, April 21, 2022 /PRNewswire/ — Greenfield foreign direct investment (FDI) inflows rebounded significantly in the Bogota region in 2021, surpassing $1,551 million through 115 investment projects. The amounts of investments show a growth of 78% compared to 2020, according to the analysis carried out by the investment promotion agency Invest in Bogotá.

“FDI growth was in line with the significant economic recovery the city has been experiencing. We found that the top countries of origin for projects were United States (34%), Mexico (ten%), Spain (9%), Argentina (6%) and China (5%),” explained the executive director of Invest in BogotáIsabelle Munoz.

The sectors that attracted FDI in 2021 in the Bogota region were software development, IT and outsourcing services (26%), communications (16%), business services (8%), products consumption (7%) and leisure-entertainment (7%).

FDI in new and expansion projects received by the Bogota region generated more than 20,000 direct jobs, double what was recorded in 2020.

Mergers and acquisitions, investment levers

In addition to new FDI, the Bogota region received investments through mergers and acquisitions in 140 transactions valued at more than $2,050 million in 2021. The main countries of origin of mergers and acquisitions were United States (46%), Brazil (11%), Mexico (9%), Chile (8%) and Spain (7%).

“We celebrate this today Bogotá is one of the most attractive cities for investors in the region. However, we have the challenge of continuing to generate confidence, of strengthening the ecosystem to attract much more capital, but above all of ensuring that all these projects translate into jobs and well-being for all. Bogotá residents,” said Alfredo Bateman, Bogota Economic Development Secretary.

2022, the year of the investment revival

In terms of FDI, the city aims to regain the dynamism it had before the pandemic. By 2022, the communications, software development, IT and service outsourcing sectors are expected to be the main industries receiving investment, in line with the capital’s service vocation.

“From investing in Bogotá we have worked to strengthen the business attraction strategy through FDI and, recently, the attraction of events and meetings in the capital. We are aware of the relevance of FDI as a driver of economic and social development, which is why we focus on identifying opportunities that contribute to job creation, technology and knowledge transfer, as well as on investments that promote sustainable development goals in the city,” concluded Muñoz.

CONTACT: Miguel Hernandez[email protected]

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SOURCE Invest in Bogotá