CINDE is the signing of an agreement of the ICT and CINDE for the promotion of foreign direct investment for tourism infrastructure

San José, Costa Rica (ots/PRNewswire) – The Instituto Costarricense de Turismo (ICT – tourism Institute of Costa Rica) will implement within the next five years, a new strategy to achieve, and the promotion of foreign investment projects in the tourism industry. This refers to the authenticity, values and cultural traditions of national communities. To achieve this goal, the ICT signed on Thursday an agreement with the Coalición Costarricense de Iniciativas de Desarrollo (CINDE – Agency for investment promotion of Costa Rica), a body of foreign specialized for the past 37 years, on attracting direct investment for Costa Rica.

– The cooperation agreement will have a five-year term.

– ICT and CINDE will work together to achieve investments.

„We will support the practical projects of the so-called Orange Economy (Orange and creative industries), the culture as a drive for development.“, the Minister for tourism, María Amalia Revelo. She notes further: „effective and coordinated efforts are necessary to Costa Rica to present as a suitable destination for foreign tourism investments. CINDE, which, according to the International Trade Centre (ITC -International trade centre) world’s best investment promotion Agency, has the necessary experience and the appropriate strategic partners to support us in achieving our goals.“

Jorge Sequeira, Managing Director of CINDE, commented: „This agreement will allow CINDE to advertise upcoming projects in the tourism infrastructure, which will impact directly on the creation of jobs anywhere in the country. We provide to the ICT all of our technical experience in the area of investors relations, in order to jointly increase the positive impact of the very important work of our institutions. We are pleased, moreover, to be allowed to a sector whose revenue generation eighth through tourism in the year 2016, or 6.3% of GDP and thousands of jobs in areas outside the greater Metropolitan area of San José (GAM – Gran Area Metropolitana de San José), as well as thousands of links created.“

Foreign direct investment in the tourism sector relate to the Hotels, the entertainment industry, companies, topics or sports facilities, as well as the infrastructure related to ports or airports, in support of the tourism industry. Each of the institution is carried out cross-projects separately.

„For several decades, the tourism sector is referred to as the most dynamic branch of the economy. Thanks to this agreement, the ICT now has the support of the most qualified Agency for foreign direct investment in the world. in order to advertise his projects in the area of tourism infrastructure. I am sure that this Alliance will bring many benefits for all in Costa Rica. In addition to the prosperity of the country, will be reflected in employment opportunities anywhere in the country. Today, we celebrate this agreement between the foreign trade and the tourism sector, with which we will work together, our economy continues to boost.“ Thus, the foreign trade Minister, Dyalá Jiménez.

In the course of the agreement, the ICT is committed to inform the CINDE on plans and work programmes, so that potential synergies can be identified. In addition, the parties will Know specific skills and experience in connection with the promotion of investment exchange.

The Institute will also initiate measures to make the recording in the project Ventanilla Única de Inversión (VUI – investments) a center of gravity. This controls PROCOMER, an Institution for the acceleration and facilitation of processes for the implementation of foreign investment projects in Costa Rica.

The CINDE is plans and strategies for the promotion of foreign direct investment (IED – Inversión Extranjera Directa) in tourism-formulate infrastructure and try to open up new sources of Investment, which is a key objective of the tourism infrastructure. Furthermore, you will develop an integrated System for the IED is to promote and support in advertising and promotional materials in order to achieve an efficient management of the promotion of foreign investment in the tourism sector.

Information about CINDE

The Coalición Costarricense de Iniciativas de Desarrollo (CINDE) is a private, charitable organization that has been active for more than 35 years for the development and the sustainable social progress in Costa Rica, by investments in manufacturing and the service industry achieved foreign direct high-value-added, quality jobs, knowledge transfer and effective networking. CINDE is also involved in the strengthening of the business climate in Costa Rica, in order to promote the increase in value-added activities for the country to improve the training of the labour force and to create jobs and better opportunities for the rural population.

Carlos Morales
E-Mail: cmorales@cinde.org
Tel.: 2201-2800