Although economic uncertainty weakened investment in the sector for most of 2015, real estate development continues to offer opportunities in Peru. Housing demand remains high, and growth rates have encouraged development of office, commercial and industrial real estate projects. “There is a lot of caution in terms of investment, caused by El...
Traditional exports, principally metals, have helped make Peru one of the fastest growing Latin American economies over the last decade. However, falling commodities prices have taken their toll on export revenues and GDP growth. The focus of the Ministry of Production (PRODUCE) in recent years has, therefore, been on diversifying the Peruvian...
The fast fashion business model has revolutionised the apparel industry. By streamlining design, production and distribution, the latest clothing trends can be transferred from the catwalk to the sales rack in a matter of weeks. One of the keys to the success of the model is the near-shoring of suppliers. Inditex, owner of numerous brands...
In recent years Peru’s steel production has remained steady, at some 1.1m tonnes annually. With the development of major mining and infrastructure projects, the country imports about half of its total steel consumption. Around 70% of the demand is for long steel products, of which 60% has traditionally been supplied by local producers. For...
For over a decade, proposals to partly privatise state-run oil firm Petróleos del Perú (PetroPerú) and allow it to return to upstream activities have been debated in Peru’s Congress. Following the privatisation of the oil industry in the early 1990s, the company has been restricted to refining, transporting and commercialising petroleum...
In 2008 Peru’s energy policy was confronted by a perfect storm. Five years of accelerating economic growth and the commissioning of major mining projects led to a surge in demand for petroleum products and electricity. The pipeline from the Camisea gas field to Lima, completed in 2004, was already operating at capacity, something it had not...
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