Colombia, a growing Latin American economy and ideal for UAE and Middle East investments

  • n the framework of Expo 2020 José Manuel Restrepo, Colombia’s Minister of Finance arrived this Monday in the UAE, on his first official visit to the Gulf country
José Manuel Restrepo, Colombia’s Minister of Finance

In the economic sphere, Expo 2020 Dubai has been identified as one of the strategic pillars for the economic reactivation of Colombia. With its presence at the universal exposition, the country seeks to take advantage of the event as a great platform to offer products, investment opportunities and tourism from the Menasa region, the Middle East, North Africa, and South Asia.

“We accompany the start of the exhibition, a unique experience that favors the realization of business and investment in our country” said Minister Restrepo after his arrival in Dubai.

As part of his agenda in the UAE, Minister Restrepo will meet with representatives of UAE government entities and businessmen interested in business opportunities with Colombia, as part of the strategy to take advantage of free trade agreements, diversify markets and promote exports of Colombian companies.

On November 2, Minister José Manuel Restrepo participated as a panelist in the ‘Investment Climate’ conference at the mining sector business forum held by the National Mining Agency (COL) at the Colombian Pavilion.

During his lecture on the current state of the Colombian economy the minister said “Colombia is already on the path to reactivation and this is evident with the increase in growth forecasts for 2021 and with the recovery of close to 90% of the jobs lost during the pandemic. Colombia is ready for business, investment and the future”. 

Likewise, the minister highlighted that Colombia is one of the countries with the best economic indicators in Latin America, following the impact of the pandemic. “We offer extraordinary investment opportunities for the coming years,” he said.

With his visit, Minister José Manuel Restrepo ratified the value for Colombia of its relationship with the United Arab Emirates and Expo 2020 as a platform for global development aligned with the objectives of internationalization and opening of new markets led by the Government of Colombia.