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PROESA presents the investments announced in 2018

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Export and Investment Promotion Agency of El Salvador (PROESA) presents the investments made and announced during 2018. The most relevant aspects to be highlighted are the support provided and the attraction of a total of 60 projects with 22 new projects investment and 38 expansion projects with a total investment commitment of US$ 291,347,221 millions.

 

The total of supported projects have generated commitments of 11,912 direct jobs. The sectors that have had the greatest job creation are: Distance Business Services, Textile, Clothing, Light Manufacturing and Aeronautics.

 

The investment projects that PROESA has supported with investment commitments of over one million dollars are the following:

 

The tourism projects are boutique hotel Acantilados, located on the beaches of La Libertad; and CARDEDEU, located on the shore of Lake Cotapeque. In real estate investments are those made by Inversiones Bolivar with the corporate office building called Kinetika.

 

The projects of remote business services are the companies: Fusion BPO Services, Talk Americas, SYKES, ATENTO and Applaudo Studios. The energy sector with the projects of Delsur, AES and La Trinidad project. The textile and Clothing sector with the projects of HBI (Hanesbrands Inc.) and Pettenati.

 

Other projects such as AEROMAN with the construction of its sixth hangar for aircraft maintenance, LIVSMART with the expansion of its production plant and the Cader Hospital with the Cader Medical Tower with seven levels in Santa Ana.

 

Given the constant monitoring and support for each of the projects they represented key investements for the country´s economic growth during 2018, for example, the construction sector recorded an average growth of 7 % for the third quarter of 2018. Showing that even it has been an election year, it has closed with postive variation in the Salvadoran economy.

 

On the other hand, it has participated from the Directorate of Investments in 21 official Missions with the aim of promoting the country and attract investment in various sectors. The countries visited were: Spain, Mexico, Holland, Taiwan, United Kingdom, United States, Germany, Guatemala, Panama, China, Colombia and Cuba.

 

To date, 791 contacts have been generated of which 184 have shown an interest in El Salvador as an investment destination, 85 field visits have been attended by companies that are evaluating the country as an investment destination, which come from 20 countries: China, Colombia, United States, France, Guatemala, Holland, Nicaragua, Portugal, Russia, Venezuela, Czech Republic, Brazil, Canada, Korea, Spain, Argentina, Costa Rica, India and Mexico.

 

Investor assistance management has supported 71 cases of companies in the process of establishment and 79 cases of a company already established in the country.

 

 

Actualizado 01/31/2019
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