The arrival of companies interested in investing in the country has continued, even during the election process.
On the weekend of the presidential elections, two large companies, one interested in investing in the tourism sector and one in the food industry, toured the city while the population was in the process of voting.
If finalized, these investments will bring between $30 and $40 million into the country in the way of direct foreign investment, which has shown a significant increase in recent years.
Over the next five years the government hopes to reach a total of $5 billion, and representatives of investment promotion agency, ProNicaragua, are optimistic about the achievement of the goal.
However, experts believe the role the government plays in relation to the main players in the private sector is essential.
As reported on Elnuevodiario.com.ni, the economist and development expert Cirilo Otero, believes that "in order to maintain growth indicators, such as foreign investment, the government needs to be communicative.
"In the last five years we had have had a government speaking only for itself, centralizing everything and not reporting as it should. I hope this changes, especially in the next five years, because if it doesn’t we will just have more of the same", he said."
Source: elnuevodiario.com.ni
More on this topic
January 2011
$ 600 million investment is projected for this year, 20% higher than 2010.
Javier Chamorro, Executive Director of ProNicaragua noted that in 2010 the energy, telecommunications and free zones had the biggest growth, followed by tourism. This year projections estimate that investments will again concentrate in these sectors.
December 2011
The projected figure of Foreign Direct Investment (FDI) this year, is 80% more than the figure for 2010.
Javier Chamorro, Executive Director of the State Agency for Investment Promotion Nicaragua (ProNicaragua) told the media that the initial projections were for $1,039 million, adding that the $900 million collected this year was "close to the original goal."
March 2009
FTAs, a skilled workforce and the proximity to strategic markets are among the attractions for investors in Nicaragua.
In its April 2009 issue, Revista Summa will publish an exclusive interview with Javier Chamorro, Executive Director of ProNicaragua which is directed at getting to know the advances in attracting foreign direct investment and the plans that will be developed during 2009.
March 2009
Foreign direct investment in Nicaragua went from $335 million in 2007 to $600 million in 2008.
During 2009, the state agency for investment promotion, Pro-Nicaragua, expects to capture $600 million in investments, mainly in the energy sector.
An article published in Prensalibre.com reported that the executive director of Pro-Nicaragua, Javier Chamorro, explained that "the Nicaraguan Ministry of Energy and Mines recently signed a memorandum of understanding with the Andrade Gutierrez Company of Brazil for the development of feasibility studies at the Brito Hydroelectric plant located in the northern part of the country, whose investment cost is estimated at $300 million."
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