Sunday, June 4, 2023

US FDI in Bogota expected to reach $3.2B this year

U.S. Foreign Direct Investment (FDI) in Bogota is expected to reach $3.2 billion in 2012, according to financial publication Portfolio.

The estimate is a 13% increase from 2011, mainly attributed to the city’s burgeoning technology, financial and real estate sectors, according to investment promotion agency Invest in Bogota.

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The city has enjoyed two years of consecutive growth, according to Invest Bogota director Adriana Suarez, and she expects the trend to continue.

In 2011, the service sector comprised 61% of FDI, with real estate accounting for 37% of this amount, and financial services making up 18%. The city’s prosperous real estate sector has experienced an astounding 202% jump in FDI since 2010.

According to Colombia’s central Bank, U.S. direct investment in Colombia was $507.1 million in 2001.

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