Investment in Colombia News
Colombia Strengthens Its Position in the Region as an Investment Destination for Shared Service Centers
International firm MVD Consulting/Tholons published a study that highlights the reasons and advantages that exist in Colombia to operate shared service centers, an initiative that transnational companies use to provide centralized regional support for departments such as payroll, technical support, accounting, hiring, human resources, purchases, and other administrative procedures.
The Central Bank of Colombia reported that Spanish investments totaled US $ 2.154 billion in 2014; an increase of 126% over the previous year when it reached US $ 950 million primarily in the sectors of finance, BPO services, industry, transportation, trade and construction.
High precision Japanese machinery used in the automotive and construction industry as well as in medical devices will begin operations in Colombia later this year to serve the domestic market as well as export to Mexico and the United States.
In light of the official visit of the President of Korea Park Geun-Hye to Colombia, the president invited entrepreneurs from her country to invest in Colombia and take advantage of the opportunities the country has to offer in large projects within financial services, infrastructure, development of roads and highways, airports and logistics.