Nicaragua Seeks Investors in Guatemala

Most notable are the opportunities in agriculture "because there is a lot of land" for production in sectors such as cocoa, rubber, oil palm and sugar.

Tuesday, May 8, 2012

A delegation of businessmen and government officials from Nicaragua will meet with Guatemalan entrepreneurs from the agricultural sector in order to persuade them to invest in their country.

"We have opportunities for crops such as cocoa, rubber, oil palm and sugar. We are aiming to explore and exploit our lands, in other countries land is scarce, there is land in Nicaragua, and a lot of it," said Alvaro Baltodano, Nicaragua's presidential delegate for the Promotion of Investments, reported

Several Guatemalan companies are already operating in Nicaragua, such as Grupo Pantaleon who aquired the Monterrosa sugar mill, Organización Leal y Spectrum, which is developing a housing and tourism complex in the resort of San Juan del Sur.

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