Costa Rica Real Estate Magazine

The Costa Rican Governments´ strategy for the period of 2023 – 2026 • The new strategy focuses on a comprehensive approach to investment and exports.

On June 15, 2023, the Ministry of Foreign Trade (COMEX) and the Promoter of Foreign Trade of Costa Rica (PROCOMER) presented the new strategy to attract Foreign Direct Investment (FDI) to Costa Rica, which consists of a four-year policy and strategy that seeks, among other things, the generation of 100 thousand jobs and the attraction of 70 investment projects in areas outside of the Greater Metropolitan Area (GAM). Likewise, the institutions aspire that the amount of investment in these four years can reach US$12,950 million, encompassing 300 reinvestment projects, 200 new projects, 24 projects under the DESCUBRE platform, 8 thousand jobs outside the GAM, 70 projects coming from new geographies and 12 thousand people employed through training programs human talent. “We are pleased to present this ambitious FDI attraction model. With the strategy that we launched today, we seek to generate well-being in all regions of the country with a very

tax incentives, and an excellent geographic location. However, as a country we face some urgent challenges that must be addressed, such as unemployment, the territorial gap, the shortage of talent and the concentration of sectors. “Our aim is to generate well being for the entire country. For this reason and to address these challenges, we propose a differentiated strategy to attract FDI based on an integral focus on the investment and exports, so that there are linkages, the generation of employment and the transfer of knowledge”, commented Beirute.

clear goal: promote, attract, and retain investments that boost employment and exports of the country with a solid, differentiated, and coherent value proposition taking into account the needs of Costa Rica, the geopolitical reality and global trends," said the Minister of Foreign Trade, Manuel Tovar Rivera. For his part, Pedro Beirute Prada, General Manager of PROCOMER, added that Costa Rica has a robust value proposition for investors thanks to aspect differentiators such as sustainability, political stability, legal certainty, talented human resources, country reputation, commercial platform,

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