Nicaragua is a Land of Opportunity

FTAs, a skilled workforce and the proximity to strategic markets are among the attractions for investors in Nicaragua.

Friday, March 27, 2009

In its April 2009 issue, Revista Summa will publish an exclusive interview with Javier Chamorro, Executive Director of ProNicaragua which is directed at getting to know the advances in attracting foreign direct investment and the plans that will be developed during 2009.

Nicaragua is a land of opportunities for international investors interested in developing businesses in sectors such as textiles and clothing, light manufacturing and assembly, agribusiness and forestry, contact centers & BPOs, tourism and renewable energy.

Preliminary data from the Ministry of Development, Industry and Trade (MIFIC) show that foreign direct investment (FDI) during 2008 totaled $505 million, 50% more than in 2007. The main sectors receiving FDI were energy (40%), telecommunications (29%) and free trade zones (21%); and capital for these investments came mainly from Mexico (26%), the United States (18.9%), Guatemala (15%) and Venezuela (15%).

ProNicaragua is the public-private investment promotion agency dedicated to attracting foreign direct investment and supporting businesses seeking investment opportunities in the country. ProNicaragua attracted $218 million during 2008, 43.16% of the total FDI received by Nicaragua for that year.

More on this topic

Nicaragua: FDI to Grow 20% in 2011

January 2011

$ 600 million investment is projected for this year, 20% higher than 2010.

Javier Chamorro, Executive Director of ProNicaragua noted that in 2010 the energy, telecommunications and free zones had the biggest growth, followed by tourism. This year projections estimate that investments will again concentrate in these sectors.

Nicaragua Receives $900 million in FDI in 2011

December 2011

The projected figure of Foreign Direct Investment (FDI) this year, is 80% more than the figure for 2010.

Javier Chamorro, Executive Director of the State Agency for Investment Promotion Nicaragua (ProNicaragua) told the media that the initial projections were for $1,039 million, adding that the $900 million collected this year was "close to the original goal."

eTelecare to open service center in Nicaragua, will employ 500

August 2008

The company, which is dedicated to Business process outsourcing (BPO), has plans to start operating at the end of 2008, and to hire 500 people.

The service center, which will provide customer care, sales and technical support in both Spanish and English, will be installed in Managua and should open during the fourth quarter of 2008.

Outsourcing Investments Growing in Central America

November 2013

There are 285 multinational companies operating in the region, employing more than 87,000 bilingual people.

The figure was revealed by Javier Chamorro, executive director of ProNicaragua, during the Central American Nearshore Summit 2013, which is being held in the Central American nation.

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PRONicaragua

PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400

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