Costa Rica Boosts Investment Prospects through Strategic Global Events

Caribbean News…
18 November 2024 8:39pm
Events
Costa Rica

The Costa Rican Foreign Trade Promotion Agency (PROCOMER) strengthened its efforts to attract foreign direct investment (FDI) by participating in four major international events. These initiatives targeted key sectors, including technology, tourism, medical devices, and semiconductors, reinforcing Costa Rica’s global standing as a hub for innovation and sustainable growth.

Strategic Participation Highlights

  • MEDICA Trade Fair (Düsseldorf, Germany):
    Costa Rica showcased its thriving medical device sector, which experienced a 13% growth between January and September 2024, reaching $6.288 billion in exports. PROCOMER held direct meetings with MedTech companies to solidify the country's role as a leader in advanced manufacturing and medical technology.

  • Web Summit 2024 (Lisbon, Portugal):
    At this premier tech gathering, Costa Rica highlighted its strengths in ICT, artificial intelligence, and digital development, promoting its skilled workforce and infrastructure to attract technology investments. ICT and business services accounted for 53% of total service exports in early 2024.

  • Electronica and SEMICON Europa (Munich, Germany):
    Focusing on advanced manufacturing and microelectronics, PROCOMER engaged with semiconductor and electronics companies to attract investments in these high-growth sectors.

  • CHICOS 2024 (Barbados):
    At this prominent tourism investment event, Costa Rica promoted opportunities in sustainable tourism infrastructure, emphasizing its blend of responsible practices and high-value experiences.

Driving Investment Forward

"These events are vital to positioning Costa Rica as a global investment destination in high-value sectors. They not only enhance our international presence but also help secure opportunities that create quality jobs," said Mónica Umaña, PROCOMER's Investment Manager.

Through networking and tailored prospecting strategies, Costa Rica continues to strengthen its appeal to global investors while aligning economic growth with sustainability and innovation.

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