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Testimonial about the success of the garment manufacturing company Cupid Nicaragua, operating in Nicaragua since 1995.
Mar. 15, 2011 - Nicaragua recently participated in the Latin American Investment Forum (LAIF) which took place in Guildhall, City of London and where different opportunities for investors were presented specifically in the infrastructure and renewable energy sectors.
The forum is the first of its kind and result of the combined efforts of the trade and investment agencies and Embassy commercial offices of each participating country to offer investors a deeper understanding of the region and the opportunities each country can offer.
The aim of the forum was to provide a dynamic multifaceted perspective of Latin American and present the latest developments and investment projects in the region, while assessing their challenges and opportunities. Businessmen were able to showcase their experience and give details on key elements for a successful investment in the region. The forum focused primarily on the energy and infrastructure sector, offering insight from international organizations, academia and businesses.
Approximately 400 investors participated in the LAIF forum, including high-level government officials, leading businessmen and world renowned experts.
Marcela Castillo, Investment Promotion Director of PRONicaragua, the official investment promotion of Nicaragua, participated in a panel regarding infrastructure investment opportunities in Nicaragua, the country’s competitive advantages as an investment destination and its main challenges.
Among the investment opportunities highlighted is the Monkey Port project, which consists of building a world-class port in the Caribbean Coast of Nicaragua conditioned to service low draft cargo ships, capable of handling international commerce between Nicaragua, the Caribbean, South America, the Gulf of Mexico, the U.S. and Europe. Other investment opportunities in the industry include a solid bulk terminal at the Port of Corinto and a tourism port at San Juan del Sur.
Lord Green of Hurstpierpoint, Minister of State for Trade and Investment of England applauded this proactive effort of offering potential investors a chance to learn about developments in Latin America and also mentioned his intention to continue supporting this effort in years to come.
A total of 15 Latin American countries participated, among them: Argentina, Bolivia, Brazil, Cuba, Chile, Colombia, Dominican Republic, Ecuador, El Salvador, Mexico, Guatemala, Honduras, Nicaragua, Panama and Peru, each of whom had the opportunity to showcase investment opportunities in their territories.