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The Colombia Investment Summit, the country's premier investment summit, returns in its eighth edition this year with a focus on highlighting the investment potential of the country's territories.
The event takes place annually, organized by the Ministry of Commerce, Industry, and Tourism through ProColombia, and is considered the primary showcase for foreign investment in Colombia.
Germán Umaña Mendoza, Minister of Commerce, Industry, and Tourism, emphasized, "In President Gustavo Petro's government, we aim to attract and realize productive and sustainable investment projects that reach all our territories and boost the development of our regions. For this four-year term, we have set an ambitious goal of attracting non-mining foreign investment of over 13 billion dollars, which will allow us to generate jobs and prosperity throughout the country."
The Summit will be held from November 20 to 28, 2023, and includes an academic agenda and a comprehensive regional and sectoral offering for entrepreneurs from around the world.
The priority sectors for attracting foreign investment align with the National Government's strategy, which seeks to promote sustainable investment and contribute to a just energy transition, competitiveness, and integrated development of the territories.
These sectors include technology-based services, agribusiness, infrastructure, shipyards, tourism, renewable energy, hydrogen, and manufacturing, among others.
"This edition of the Colombia Investment Summit, the first under the Government of Change, focuses on Colombian regions. Throughout these days, strategic regions such as Antioquia, Valle del Cauca, Santander, Córdoba, Eje Cafetero, Magdalena, Atlántico, Bolívar, Meta, Cundinamarca, and Bogotá will host sectoral tours, allowing investors to immerse themselves in the richness and diversity that 'Colombia, the land of beauty,' has to offer," says Carmen Caballero, President of ProColombia.
The event will kick off with a high-level academic agenda in Bogotá on November 20, featuring the participation of President Gustavo Petro Urrego, Minister of Commerce, Industry, and Tourism Germán Umaña Mendoza, and several members of the presidential cabinet.
In addition, there will be contributions from the Bogotá Chamber of Commerce, the Bogotá City Government, and Carmen Caballero, President of ProColombia, as the host of the event. Experts and analysts from the country's investment environment will share their perspectives and knowledge.
Caballero added that "a key element of this edition is the strategic collaboration with Investment Promotion Agencies (IPAs) in the regions, which will play a crucial role in showcasing a strong and consolidated investment offering for Colombia as a leading foreign investment destination in Latin America."
Foreign investors will have the opportunity to establish strategic alliances and explore investment projects, as well as connect with key entities for their arrival in Colombia, such as national government entities, free trade zones, local authorities, business associations, and regional promotion agencies.
Foreign Direct Investment (FDI) as a Pillar in the Government Agenda
The Colombian government has reaffirmed its commitment to attracting investment that contributes to peacebuilding and benefits the sectors most affected by inequality, in line with the values of social, economic, and environmental justice that the country seeks to achieve.
ProColombia, as the leading entity in promoting foreign investment in Colombia, works to promote the sustainable growth of the country by facilitating the arrival of foreign investment that promotes innovation and technology transfer, generates value-added exports, and promotes the development of human capacity.
During the first year of President Gustavo Petro's administration, ProColombia and regional investment promotion agencies (APRIs) facilitated the arrival of 178 new investment projects, expected to create more than 79,900 new jobs in various regions of the country over the next two to three years.