Colombian Investments in Costa Rica

38% of the colombian companies who have invested in the country are dedicated to services, 28% to industry, 11% to construction and 23% to tourism, commerce or agriculture.

Monday, March 23, 2015

The service, food and manufacturing sectors are generating the most interest among Colombian investors, who in the last ten years have invested about $750 million in Costa Rica. Data from Procolombia added that in the same period, the Central American country has invested just $269 million in Colombia.

Estimates from the Costa Rican Coalition for Development Initiatives indicate that "... The South Americans account for 33% of production and sales of paint, 15% of Costa Rican bank credit and a fifth of the major supermarkets in the country. In the last decade, 70 Colombian companies have been established in Costa Rica. "

Ricardo Callejos, Vice President of Exports at ProColombia said in an article on Revistamyt.com that "... Interest in Costa Rica lies in the cultural closeness of the two nations, as well as having a strategic location which allows Colombia to expand its distribution to the Caribbean. Furthermore, it is the country that has the most commercial movement in Central America."

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More on this topic

Colombian Investment in Central America

April 2016

Determinants of investment, committed figures, and key economic sectors in the region in which Colombian companies have ventured into in recent years.

From the summary of the document by Cepal: "Colombian Investment in Central America":

The main objective of paper on Colombian investment in Central America is to analyze the business strategies that have led to increased Colombian foreign direct investment (FDI) in Central American countries.

Costa Rica Still Attracting Service Centers

March 2015

There has been an increase and there are now 122 international companies which have invested in the operation of 140 shared services in different categories.

Currently the export of computer services, management and other business functions make up 5.8% of Costa Rica's Gross Domestic Product (GDP).

Costa Rica Maintains Confidence in Commercial Real Estate

February 2015

Over the next few months 17 local fast food and 'casual' restaurants will be opened as well as 35 cafes and 4 supermarkets.

Despite announcements of the closure of several companies in recent months, the commercial sector seems to have not stopped growing, with the coming months seeing the opening of 19 fashion stores, 6 appliance stores, 7 hotels, and 8 office complexes, among others.

Costa Rica Seeks Investment in Manufacturing and Agribusiness

September 2014

The country will promote foreign investment in these sectors, especially in areas with less development further away from the Greater Metropolitan Area.

The Costa Rican Coalition for Development Initiatives (Cinde) will focus on promoting investment in these sectors, diversifying its strategy of attracting investment and giving greater emphasis to the development of areas further away from the capital, where there is a stronger link with the productive sectors and agribusiness.

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