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WASHINGTON, DC, April 11, 2013 /24-7PressRelease/ -- Nicaragua's capital Managua made the third position in the Foreign Direct Investment (FDI) Strategy category of American Cities of the Future 2013/14 ranking, published by fDi Intelligence, a division of The Financial Times. Managua was only outranked by Montreal and Toronto, meaning that as a country, Nicaragua placed 2nd only after Canada. It is also worth noting that Managua was the only city in Central America ranked in the top ten within this category.
In its submission, PRONicaragua, the official investment and export promotion agency, revealed the strategies of the Nicaraguan Government that are currently being implemented to demonstrate potential investors that Nicaragua - and Managua in particular - is a destination worth considering. One such strategy is the creation of a special public-private commission that will work closely with the World Bank to develop initiatives and policies to improve the country's business climate and foster investment inflow.
Managua is located on the country's pacific coast and has nearly 35 percent of the country's total population living within the city's frontiers, making it the largest city in Nicaragua. Moreover, Managua is an up-and-coming metropolitan city offering all the amenities of a modern, urban city ideal for business.
The city has class-A infrastructure, with industrial parks near the international airport, which was ranked among the safest in Latin America, renowned business schools such as INCAE, the largest labor force in the country, a world-class telecommunications network, top notch medical services in US-accredited hospitals, some of the highest safety levels in the region, a very comfortable cost of living and warm weather all year round. What's more, the country's main economic center is located in Managua, and also the location of many corporate offices of companies with operations in other regions of the country.
Nicaragua has recently been ranked and mentioned in many other renowned foreign publications such as the Economist Intelligence Unit and the Latin Business Chronicle, in which its high levels of personal safety, as well as openness to the world have been noteworthy. In addition, many international missions that visited Nicaragua in the past months have remarked on Nicaragua's extraordinary investment opportunities, due to economic stability, solid legal framework, availability of an adequate labor force and a pro-business government.
PRONicaragua is the Nicaraguan Investment and Export Promotion Agency, established in 2002. It is a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The agency provides complimentary support services to qualified investors seeking investment opportunities in our country. For further information, please contact us at (505) 2270-6400 or http://pronicaragua.org.
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