Heavily dependent on the construction sector’s progress, the local cement industry took a slight dip in production in 2012. In the 12 months to May 2013 the production of Portland cement, the most commonly used material for infrastructure and housing in Colombia, amounted to 10.79m tonnes, representing a 1.67% year-on-year (y-o-y) decrease,...
In times of crisis, property ownership is often seen as one of the safest investment ventures, partly due to secured regular income from rentals. Over the past decade Colombia has built up a strong market for residential leasing and continues to see a number of dynamic factors that are increasing its potential.
Technology parks have been a part of Colombia’s efforts to attract high-level foreign investments for some time. The concept was first studied in 1996 with support from the Spanish government. In 2000 the government published a set of guidelines to encourage regional administrations and private investors to propose projects. This was followed by Law...
With the fourth-largest IT market in Latin America and a growing fibre-optic network, Colombia continues to add technological prowess to its economic capabilities. Strong political backing for the IT industry has emerged as the sector’s “multiplier effect” and is having a dramatic impact across the economy, with IT revenue in 2012 reaching $5.8bn,...
Growth in Colombia’s transportation sector has traditionally been driven by the nation’s sizeable population and the various industrial centres spread over numerous large and medium-sized cities. In recent times, economic growth and trade liberalisation have added demand for international traffic, providing domestic transporters with an opportunity...
Historically, the agricultural sector has been one of the primary drivers of economic growth in Colombia. According to Proexport, a state-owned investment and exports promotion agency, in 2011 the sector accounted for 9% of GDP, 21% of export revenues and 19% of national employment. The Food and Agriculture Organisation (FAO) of the UN estimates...
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