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Investment attraction in Ecuador's provinces

 

The Andes Mountains, traversed by narrow, poorly maintained roads, have traditionally kept the province of Manabí isolated from Ecuador’s economic centers of Quito and Guayaquil. But the province has many economic assets— including fertile soil, year-round sunshine, coastal access, a thriving port and an international airport—that make it a viable investment destination for national or international companies.

In December 2009, Manabí’s investment attraction agency, long advised and assisted by the Productive Network, debuted a conference and roundtable to explain the province’s advantages to would-be investors, both Ecuadorean and international. “Why Invest in Manabi” drew more than 80 public and private sector representatives who heard speakers from Nestlé—which has created a network of cacao producers and is considering establishing a collection center —and tuna exporter Tecopesca describe their positive experiences in Manabí. Invest Manabí fielded several inquiries about local opportunities from participants, including a national food processing company seeking new sources of rice and corn to reduce reliance on imports. The Productive Network will help host four more similar events this year, as Manabí and another province present investment opportunities at conferences in Quito and Guayaquil.

Published January 2010