On October 27 Ecuador held its Strategic Investments Forum 2016, in which it presented a catalogue of 94 projects seeking private investment. The main sectors for which this investment is sought are oil, mining, electricity, telecommunications and basic industries.
The forum was attended by over 600 investors, who have set their sights on investment projects that will benefit both the Ecuadorian government and private investors.
Representatives of major international companies interested in oil projects listed in the catalogue were present at the forum. The largest investment sought by the country is precisely in this sector, involving more than USD 17 billion spread over 21 projects.
The Public-Private Partnership Law currently provides various incentives for project development. In particular, in terms of taxes, various highly attractive benefits for private investors are available for such partnerships.
The investment catalogue includes projections for the next five years, and is a tool that is part of the Ecuadorian government’s strategy and work plan, with a view to promoting investment opportunities in the country.
Contact
Daniel Salvador: dsalvador@ferrere.com