Foreign investment in the agricultural sector in Colombia grows 32%

Published 2021년 11월 10일

Tridge summary

Foreign investment in Colombia's agricultural sector grew by 32% in the first nine months of the year, with projects valued at over US $ 300 million. This sector is becoming an economic pillar, with prospects to create around 11,800 new jobs. The sectors receiving the most investment are sugar cane, citrus fruits, grapes, and grains. Notable investments include Solinftec's technological operation for agricultural process automation and PepsiCo's production plant in Antioquia. Cargill has also inaugurated a modern incubator in Bolívar, capable of producing 2.8 million hatching eggs, with potential for expansion to 3.8 million eggs. Colombia ranks fourth in Latin America for FDI projects in the agricultural sector in the last five years.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first nine months of the year, foreign investment in the Colombian agricultural sector reported a growth of 32%, according to a figure from ProColombia. According to figures from the entity, as of September 19 projects valued at more than US $ 300 million arrived, making the agricultural and agribusiness sector one of the economic pillars and one of the protagonists of the economic reactivation of the country. According to investor projections, the creation of about 11,800 new jobs is expected with the start-up of the projects in Antioquia, Caldas, Meta, Risaralda, Cundinamarca, Magdalena, Huila, Valle del Cauca and Bogotá. (Read: Expo Dubai has already started, a key event for Colombian agriculture) According to the president of ProColombia, Flavia Santoro, “with further development of the country's agricultural sector we will generate greater exports, more jobs and a very positive impact on the competitiveness of our rural areas. In joint work with the Ministry of ...

Source: MXContexto