Andina

Peru secured US$560 million in foreign investments commitments in 2024

Photo: ANDINA/Melina Mejía

16:05 | Lima, Feb. 11.

The Peruvian Commission for the Promotion of Export and Tourism (PromPeru) on Tuesday announced that it secured US$560 million in foreign investment commitments across various sectors in 2024.

"In 2023, we secured US$103 million in foreign investment commitments; for 2024, our goal was to exceed US$100 million. Fortunately, we achieved a significant milestone, securing investment commitments totaling US$560 million from eight or nine companies across different economic sectors," PromPeru's Investment Promotion Director Daniel Cordova told Andina News Agency.

"This has been a major effort and achievement, helping secure investment commitments five times our initial target, with capital coming from Asia, North America, and Latin America," he added.

Cordova noted that the initial goal for 2025 is to attract US$400 million in foreign direct investment, although this figure will be updated throughout the year, as the ideal outcome would be to match or exceed the US$560 million achieved in 2024.

"We are doubling last year's goal. This time, we aim to secure at least US$400 million, but our objective is, obviously, to continually reassess this figure based on progress in the first and second quarters, as we ultimately hope to surpass the US$560 million achieved in 2024," he explained.

The director detailed that PromPeru's objective is to attract foreign investment in five sectors: tourism, manufacturing, food-beverages, services, and renewable energy.

"Tourism is one of them, mainly through hotel investments. There is also diverse manufacturing linked to Peru's export offerings. Additionally, food and beverages, which is related to aquaculture and agribusiness," Cordova stated.

"Another major segment is knowledge-intensive services, where we see, for example, the startup ecosystem, to promote investment related to innovation and new technologies. And the fifth sector is renewable energy, a global trend in which Peru has significant potential," he added.

(END) CNA/JMP/MVB

Published: 2/11/2025