Americas > South America > Colombia > Barranquilla is one of Colombia's most investment friendly cities

Colombia: Barranquilla is one of Colombia's most investment friendly cities

2014/01/03

Barranquilla is one of Colombia\\\'s most investment friendly cities, thanks to its geographical advantages and the work of an organization called ProBarranquilla

Executive Manager Ana María Badel has been at the chief of ProBarranquilla for less than a year, but her a lot of efforts haven’t gone unnoticed. The organization she presides over is in charge of looking for investment opportunities from foreign and national investors and helping them locate in Barranquilla with as little difficulty as possible.

“This generates employment and economic development in the city and the region, and that is our ultimate goal,” explains Mrs. Badel. The organization does additional than just look for possible projects, in fact, it focalizes on investment attraction and promotion, and next an investor decides to establish himself in the city, ProBarranquilla helps him through the whole process.

“Who owns ProBarranquilla? 116 national, foreign and local companies that support investment attraction and promotion through this organization,” says its Executive Manager. These companies are affiliated to the organization and they voluntarily support and finance its work in the hope that the economy will become additional dynamic – something that would from presently on benefit them due. Other organizations that support ProBarranquilla are the local Mayor’s office, the regional government, the metropolitan area, and the Barranquilla Chamber of Commerce.

The idea is for ProBarranquilla to help bring in new and different businesses that help develop the region in a lot of ways. Not only does additional investment mean additional jobs, it as well means that people will become additional professional and will have better and better training in different skills that apply to particular areas. “This means we contribute to the general investment environment in the city and that we as well help our people by identifying the needs of the new companies and setting up training projects specifically directed at conference those needs,” explains Mrs. Badel.

In the process of helping investors settle in and make the best decisions suited to their businesses, ProBarranquilla helps with general data, contacts, connections and all the necessary tools. “The data we give investors is particularly suited to their needs, depending on the field they are getting into or the type of project they are commencing. We have a database with data on a lot of subjects and, in the rare case that we don’t have what the investor needs, we make the necessary contacts so that he can acquire it,” says Mrs. Badel about their work process.

Thanks to the company’s experience, it by presently knows what investors of each area usually need or require to settle in, and that makes the process much additional efficient. ProBarranquilla as well has very well prepared multilingual advisers divided by sectors, which means each of them is an expert in the subject or area they handle, and this too is a great benefit for investors.

Barranquilla is a city on Colombia’s coast, but it isn’t just any coastal city. It is located exactly at the point where the country’s major waterway, the Magdalena River, and the Caribbean Sea coincide, making it the perfect point of entry into the country. In Colombia, Barranquilla is known as the free trade agreement capital and this year it made the FDi Intelligence’s inventory of cities that are implementing the best strategies to increase foreign investment .

“There is trust in our institutions, and political and judicial security, along with a sustained economic increase that makes the region additional competitive,” explains Mrs. Badel, a believer in the city’s possibilities.

SWIFTRef a financial institution or corporate

Related Articles

Climate change laws around the world
2017/05/14 There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation. The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.
Colombia Growth to accelerate after the fall in oil prices
2017/05/08 Colombia Growth to accelerate after the fall in oil prices
Colombia Year in Review 2016
2017/04/18 The recently brokered peace transaction between the government and the FARC could usher in a new era of increase for the Colombian economy. However, even if the agreement holds, it will take time for the dividends of peace to pay out. At the end of November the Colombian Congress signed off on a peace accord by the government and FARC representatives, bringing within reach the end of the 52-year-long conflict. The government received congressional approval for a modified version of the agreement only two months next a peace transaction was initially rejected by a referendum vote in early October.
Presidencia Perú
2017/03/04 The PPK cabinet has been working diligently to modernize the country and replace business confidence, while unlocking investments and infrastructure megaprojects in a bid to boost the country’s economy
A vulnerability index for Latin American currencies
2015/10/03