This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEF9A215_L.jpgBOGOTA (Reuters) – Germany-based technology company Siemens (DE:) will invest 500 million euros in energy technology and transmission and transportation infrastructure in Colombia, President Ivan Duque and the company said on Friday.
Duque did not specify in what projects the company would invest, nor the time frame for the investments.
“This morning I told the president and his government that Siemens is ready and willing to invest 500 million euros in Colombia and we have worked together to make that possible,” Siemens president Joe Kaeser said in a government press release.
Duque said the investment showed Colombia is seen as one of the countries that is growing most in Latin America.
The government predicts the Andean country will grow 3.6% this year, while the market expects a less optimistic 3.1%.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.