Former Minister of Economy and Finance, José Arista, commented that there was direct contact with investors who manage very significant investment figures, who raised some issues to improve management in order to attract even more resources.
Peru's participation in the recent World Economic Forum (WEF) held in Davos, Switzerland, allowed the Andean country to present itself as an economy with high potential to attract investments.
According to former Minister of Economy and Finance José Arista, who participated in the forum, renewable energy, mining and infrastructure were among the sectors that generated the greatest interest among investors.
"The highlight of this visit was that it made clear Peru's interest in attracting private investment. The personal presence of the President of the Republic was a highly valued protocol gesture, demonstrating our country's commitment," he told Diario El Peruano .
He also said that there was direct contact with investors who manage very significant investment figures, who raised some issues that need to be improved in management in order to attract even more resources.
POTENTIAL INVESTMENTS
The former minister stressed that the bilateral meetings in Davos could lead to very interesting potential investments.
"It is estimated that these meetings could translate into potential investments for Peru of more than US$ 14 billion," he said.
He mentioned that there are renewable energy companies that have expressed interest, although they pointed out the need to modify certain regulations to speed up the processes.
He said there was also interest from mining companies Glencore and Newmont, which want to help solve the problem of water availability before starting their mining operations.
He also pointed out that the company that owns Quellaveco had shown interest in building roads.
On the other hand, regarding the regulatory issue, he said that a legislative decree was recently enacted that applies administrative silence, except in cases that require a more in-depth analysis.
OTHER SECTORS
Arista said that the Davos forum also made clear the interest of investors in the port infrastructure sector.
“We have the ports of Matarani, Ilo and Paita that can attract investments for their modernization and expansion,” he said.
He added that the energy sector and transport projects are also key areas for attracting new capital.
“There is an infrastructure deficit of approximately US$ 100 billion, so we need the participation of the private sector to close it and achieve our goal of being a logistics hub of the Pacific,” he said.
EXPORT TECHNICIANS
On the other hand, Arista said that during the Davos Forum, the President of Panama, José Raúl Mulino, offered a territory in the Pacific to Sima (Industrial Services of the Navy) to develop projects in that area.
According to the former minister, this offer highlights the recognition at the Latin American level of the high technical capacity and the good reputation of the Peruvian company.
"On that occasion, the President of the Republic was surprised by the level of recognition that Peruvian technicians have in the region," she said.
This offer is an example of the prestige that Peru has gained in the international arena. I think we should all be proud of these achievements and of how Peru is viewed in Latin America and around the world, said José Arista.
DATA
- There is great interest from investors in Peru, especially in the renewable energy, mining and infrastructure sectors.
- Business optimism continues and economic growth of over 3% is projected for 2025.
- Government seeks to reduce tax evasion and increase tax collection through Sunat operations and optimization of the Tax Court.
- The cyclical recovery of the Peruvian economy will continue this year, closing 2025 with a gross domestic product (GDP) growth of around 3%, according to the Special Monthly Macro and Markets Report of Banco de Crédito de Perú.
