Arequipa is a key mining region in southern Peru, topping national production in copper and molybdenum in 2016, largely as a result of the recent expansion of operations at the Cerro Verde mine. According to the Ministry of Energy and Mines ( Ministerio de Energía y Minas, MINEM), as of January 2017, Arequipa had a mining investment portfolio...
Peru holds over 80% of the global alpaca population with Arequipa sitting at the centre of the alpaca growing and manufacturing industry. Arequipa benefits from a variety of advantages in this segment, ranging from a high concentration of alpacas, to the presence of a key set of regional alpaca manufacturing companies. While the largest share...
Located in the southern Peru, the department of Arequipa – and its capital, also called Arequipa – is bordered by six other departments: Ica and Ayacucho to the north-west, Apurímac and Cusco to the north, and Puno and Moquegua to the south-east. There are seven other provinces in the Arequipa region,namely Camaná, Caravelí, Caylloma,...
Recently announced international loans and sustained government efforts continue to push innovation forward in Peru. Government support has increased in recent years, contributing to the development of a stronger institutional framework and increasing support to various sectors. While many areas are yet to benefit from financing in innovation...
With the signing of a $40m loan on August 22, 2016, the Inter-American Development Bank (IDB) and the government of Peru committed to continue to work towards the promotion of innovation, namely with a focus on addressing the challenges facing micro-, small and medium-sized enterprises (MSMEs). Previous loans have similarly supported the...
Investment in research and development (R&D) and innovation has been increasing in recent years in Peru, partly as a result of greater government commitment to science, technology and innovation issues. This investment seems to be paying off in terms of institutional strengthening, sector incentives and increased funding, as well as an...
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