The vigorous contribution of foreign investment to Costa Rica is consolidated
From 2014 to 2017, 158 new foreign investment projects were attracted
Costa Rica has managed to develop a strategy to gradually expand the attraction of foreign investment from various parts of the world.
The report of the Coalition of Development Initiatives (CINDE) and the Ministry of Foreign Trade (Comex) for 2017 registered that during 2017 they managed to attract 40 new projects, which generated new jobs in the country.
Result of new foreign investment projects from 2014 to 2017
These figures not only show that Foreign Direct Investment (FDI) maintains its contribution to the economy of the country, but also dispels fears that this contribution could be weakened, particularly by the possible pressure that could be generated from the efforts of US President Donald Trump to prevent companies from investing outside his country. Also, evidence that international companies maintain their confidence in the competitiveness of our country.
“Costa Rica is home to more than 300 leading global multinational companies such as producers of medical devices, technological components, food, corporate services, and other specialized services, enabled by technology.
It is not just the high-quality jobs generated, which show a growing trend: the Central Bank figures show that FDI generated $ 10,363 million between 2014 and 2017.
In addition, the goal of attracting foreign direct investment flows established in the National Development Plan for 2017 was exceeded by 8.3% in the first nine months of the year, with $ 2,165 million.
“Despite the fact that international direct investment flows continue below the pre-international crisis years, Costa Rica has managed to get the job done and continue to attract multinational companies of great renown to the country.”