Saturday, 14 October 2023 17:58

Investments, expansions and sales growth of companies supported by El Salvador stand out

Written by Leydin Sorto

Confidence in the country's direction has led companies to consider growing their operations, and the salvadoran government is facilitating conditions for them to do so effectively.

Invest in El Salvador indicated that the company Los Tres Cerditos is preparing to make an investment of US$1 million to install its tenth branch in Quezaltepeque, with the possibility of creating 200 direct jobs.

Together with the Ministry of Foreign Affairs and the U.S. Agency for International Development, Invest in El Salvador accompanied 10 salvadoran companies to the Americas Food and Beverage Show. The salvadoran companies achieved US$182,000 in immediate sales and US$876,800 secured for the long term.

The presidential commissioner for Strategic Projects, Cristian Flores, shared that the Linework company deepened its interest in investing in the country.

"Linework brings to our country an ecosystem that guarantees, through decentralized functionalities based on blockchain, access to an inclusive financial market, economic freedom and, of course, implementation of new technologies", the official detailed.

Gráfico, Crecimiento, Finanzas, Grafico

The company is preparing to set up operations in El Salvador and has initiated the personnel recruitment plan. "We have every intention of supporting the country and the vision of President Nayib Bukele. We wish to have an important place in changing the country", said Linework CEO Noel Damien Foti.

Also Amira Learning, an Asian-Spanish capital firm, is interested in coming to the country "because of the actions taken by President Nayib Bukele, the First Lady and the Ministry of Education", through Mi Nueva Escuela and Crecer Juntos.

This company provides tools for all children to master the art of reading. The Invest in El Salvador agency highlighted that Gosbi, a Spanish company dedicated to pet products, is considering installing in El Salvador a logistics center for Central America and the United States, plus a pet food processing plant.

In addition, the Secretary of Trade and Investment, Miguel Kattan, spoke with Unilever and Avianca to discuss the plans to be implemented soon in the country.

 

Translated by: A.M