The most recent edition of Site Selection magazine's Best to Invest publication selected Bogotá as one of five metropolitan areas recommended for investment in Latin America.
Together with the Colombian capital, Mexico City, Buenos Aires, Santiago de Chile, and Monterrey appear as the most attractive cities in terms of Foreign Direct Investment (FDI) projects. This group surpasses cities such as Lima and Quito, among others in the region.
The ranking was developed based on economic projections and indices such as the Kearney Global Cities Report 2021 and the Global Startup Ecosystem Report 2021. In the latter, prepared by the international platform Startup Genome, Bogotá also appears among the 100 most important emerging entrepreneurship ecosystems in the world.
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In view of the recognition of the Colombian capital as an attractive destination for foreign investment, the executive director of Invest in Bogota, Isabella Muñoz, stressed the need to continue positioning the city in these international environments. "For Bogotá, in a changing global environment such as the current one, it is very important to continue to be highlighted as one of the Latin American capitals that leads in attracting investment," she said.
In line with these recognitions, it is worth remembering that in 2021 Foreign Direct Investment showed a significant upturn in Bogotá, exceeding US$1.551 billion invested through 115 investment projects. This equates to 78 percent growth over what was recorded in 2020.
On the other hand, according to the executive director of Invest in Bogota, the post-pandemic period is providing an opportunity to recover and grow FDI in Bogotá-Region, as has been demonstrated so far this year. "In the first quarter of 2022 alone, according to Invest in Bogota calculations, 41 capital raising operations were carried out with a total value US$553 million, representing 35.3 percent of the transactions carried out in all of 2021," Muñoz detailed.
Bogotá currently has a foreign investment strategy focused on the search for projects that promote diversity, knowledge transfer, and social and economic development. These are the key elements of the strategy to continue the increase in international scenarios in the coming months.
