Peru highlights potential at World Investment Forum

Photo: PromPeru

Photo: PromPeru

11:16 | Abu Dhabi (UAE), Nov. 8.

Peru has proven its comparative and competitive advantages, as well as the attributes of prioritized economic sectors that make it an attractive investment destination, during the 2023 World Investment Forum (WIF).

This event took place in the city of Abu Dhabi, United Arab Emirates (UAE), from October 16 to 20.

The Commission for the Promotion of Peru for Export and Tourism (PromPeru), through the Investment Directorate and the Trade Office of Peru (OCEX) in Dubai, underscored the potential of our country as an investment destination for UAE and its neighboring countries in the Middle East.

The World Investment Forum is a mega-event that serves as a platform for investment and development, as well as for the design of strategies and solutions to global challenges related to these issues, and for the facilitation of collective actions that benefit them.

This year, the forum saw the presence of representatives from 160 countries and focused on increasing investment in sustainable development to address global crises.

Through OCEX Dubai, PromPeru participated in the panels "Investing in Times of Crisis," where the expansion of Peru's economy, its strategic position in Latin America, and its favorable business environment were highlighted.

These factors have made Peru the third-largest investment destination for the UAE in this region and the second in South America.

In the second panel, "Opportunities and Challenges of Investing and Operating a Business in Information and Communication Technologies," Peru's commitment to innovation and technology was emphasized, showcasing government initiatives and public-private partnerships that promote investment in these sectors.

PromPeru also had an information booth that served as a meeting point for engaging directly with 12 potential investors from the UAE and the Middle East region, convened by the organizers. There was a significant interest in the Renewable Energy sector, followed by the Food Industries sector.

Sectors

Peruvian sectors that generated the most interest at the World Investment Forum were Renewable Energy, which has positioned Peru as the fourth most attractive country for investment in South America; and High Technology, which has placed Peru 65th in the Global Innovation Index, surpassing Argentina, Panama, Paraguay, Ecuador, Bolivia, and Guatemala.

Another attractive sector is Food Industries, highlighting the dynamism of subsectors, such as beverages, processing and preservation of marine products, meats, fruits, as well as cacao production, milling products, among others.

(END) NDP/MVB

Published: 11/8/2023