El Salvador holds forum in Los Angeles to attract diaspora investments

Photo of author

By LatAm Reports Staff Writers

The government recalled that tourism, construction and real estate items are the most attractive for diaspora investments.

The Ministry of Foreign Affairs this week runs an investment forum in Los Angeles, California, United States, to motivate capital from the Salvadoran diaspora.

The Ministry of Foreign Affairs holds the forum in conjunction with the Agency for the Promotion of Investment and Exports of El Salvador (Invest), and aims to present investment opportunities for Salvadorans living in the United States.

The head of the Department of Investment, Andrea Cañas, recalled that the tourism, construction and real estate sectors are some of the most attractive to Salvadoran investors.

Adminating and resolving your concerns has become a priority. The advice for the establishment of these projects is defining for attracting investments, added the head of the Investment Department.

The government said the consulates facilitate the identification of investors who are interested in entering the Salvadoran market.
Exports

Cañas indicated that they also seek to make the diaspora distributor of the products made by Salvadoran hands.

The United States is the main trading partner for the Salvadoran market. During the first semester, $3,209.3 million was exported, of which 34.5 per cent was shipped to the United States, at $1,106.1 million.

In parallel with the forum, Invest provided training to facilitate the identification of support for investment projects and economic linkages to the country.

The Minister of Economy, María Luisa Hayem, said in mid-August that the “focus of diaspora investments has changed, from focusing her projects on restaurants, tourism and hotels to betting onconstruction and aviation.

For his part, the U.S. ambassador to El Salvador, William Duncan, said this month that the country remains a destination for opportunities for investors in the sector.technological and tourism, as well as energy.

This article has been translated after first appearing in Diario El Mundo