The general manager of the Western Free Trade Zone, Rosa María Gamarra, highlighted the 30-year extension obtained for this park.
The Western Free Trade Zone (ZFO), located in Mosquera and considered one of the most strategic free trade zones in the country due to its location and high quality standards, has received a 30-year extension from the Ministry of Industry and Commerce.
Its general manager, Rosa María Gamarra, indicated that the new master plan for the industrial park includes a primary investment of $33.600 billion over 10 years, and approximately US$500 million in other investments submitted by all users, which will be dedicated to job creation, sustainability, innovation, and technology.
What did the extension mean to you?
This is great news. The extension gives us 30 more years for the Western Free Trade Zone to continue operating. It guarantees stability for all our users and those who will arrive, as well as job creation and regional development.
How does the region and the country benefit from this extension of the operation?
At the Western Free Trade Zone, we are committed to continuing to be an important hub for the country's and the region's economic development, in addition to promoting exports and generating employment and investment. This extension is a decision that positions Colombia as a strategic ally in international trade and delivers a message of legal certainty so that investors interested in continuing to generate development can rest assured that great opportunities exist in Colombia.
How did you do in 2021 in terms of economic recovery?
This year has been very positive, with significant sustained growth compared to the end of 2020. For example, our customs operations increased from 76.400 last year to 107.400. The extension for the next 30 years will impact foreign direct investment thanks to our high-tech infrastructure and the green seal that industrialists are so interested in today. It will also generate more stable jobs and new technologies, thus supporting the country's development.
What startups will host in 2022?
Next year, we hope to finalize key projects and investments from abroad for growth in Industry 4.0 and technology. We are currently in very important negotiations to bring the first data center to the municipality of Mosquera. The important thing isn't the monetary investment, but also the transfer of knowledge and innovation that this news can bring.
Taken from: The Republic
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