U.S. foreign direct investment (FDI) in Bogota is expected to reach $3.2 billion in 2012, according to financial publication Portfolio.
The estimate is a 13% increase from 2011, mainly attributed to the city’s burgeoning technology, financial and real estate sectors, according to investment promotion agency Invest in Bogota.
The city has enjoyed two years of consecutive growth, according to Invest Bogota director Adriana Suarez, and she expects the trend to continue.
In 2011, the service sector comprised 61% of FDI, with real estate accounting for 37% of this amount, and financial services making up 18%. The city’s prosperous real estate sector has experienced an astounding 202% jump in FDI since 2010.
According to Colombia’s central Bank, U.S. direct investment in Colombia was $507.1 million in 2001.