Some US$330 million in investments in just four months

The Colombian capital of Bogota is the beneficiary of huge American investments, particularly during the first four months of 2021.

Bogota is said by Nearshore Americas  to be turning into an epicenter for American investments with the city receiving more than 14 projects worth US$330 million in the first four months of this year alone.

According to the local investment promotion agency, Invest in Bogota, the city has managed to woo a few American business process outsourcing companies such as Sutherland Global and Auxis, among the investors.

In the meantime, Florida-based Auxis is gearing up to open a shared services centre in the Colombian city, creating around 50 jobs over the next six months.

“Although some of these positions may be hired remotely, most of them will be based in the city of Bogota,” Invest in Bogota explained in a blog post.

Thanks largely to American firms, foreign investment in Bogota is expected to increase between 26 per cent and 38 per cent this year. The US investments alone have created more than 800 jobs in the city so far this year.

Invest in Bogota Director Mauricio Romero advised Nearshore Americas that, “historically, the United States has been the country that contributes the most investment to the Bogota region with important projects that have also boosted the social development of the capital”.

Between 2016 and 2020, Bogota received US$2.6 billion from American firms, which led to the creation of more than 18,000 jobs.