Wednesday 31 May 2023

Colombian Investments in Costa Rica

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31 May 2023 - At The Banks - Source: BCCR

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Arturo Calle, located in Multiplaza Escaz, is just one some 70 Colombian companies  investing in Costa Rica in the last decade.
Arturo Calle, located in Multiplaza Escazú, is just one some 70 Colombian companies that include Davivienda, Studio F and Lanco have invested in Costa Rica in the last decade.

QCOSTARICA – 38% of the colombian companies who have invested in the country are dedicated to services, 28% to industry, 11% to construction and 23% to tourism, commerce or agriculture, says a report by Proclombia.

The service, food and manufacturing sectors are generating the most interest among Colombian investors, who in the last ten years have invested about US$750 million in Costa Rica.

Data from Procolombia added that in the same period, the Costa Rica has invested just US$269 million in Colombia.

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Estimates from the Costa Rican Coalition for Development Initiatives (Coalición Costarricense de Iniciativas de DesarrolloCINDE) indicate that “… The Colombians account for 33% of production and sales of paint, 15% of Costa Rican bank credit and a fifth of the major supermarkets in the country. In the last decade, 70 Colombian companies have been established in Costa Rica. ”

Ricardo Callejos, Vice President of Exports at ProColombia said in an article on that “… Interest in Costa Rica lies in the cultural closeness of the two nations, as well as having a strategic location which allows Colombia to expand its distribution to the Caribbean. Furthermore, it is the country that has the most commercial movement in Central America.”

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