US could double investments in 5 years with interest in software, call centers

Monday, July 25, 2011

The US could double investments in Peru in the next five years, with companies interested in developing projects in local sectors such as software and call centers, expanding from traditional investments like the mining industry, the country's ambassador to the US, Luis Valdivieso, was quoted as saying by state news agency Andina.

"In the past, the average flow of US investments in Peru has been less than US$800mn a year, and in 2009 this figure plummeted due to the financial crisis. But now we are seeing a recovery in those investments," he said.

"In the last two years, US investments in Peru reached US$1.6bn a year, and this figure could easily reach US$3.2bn with an aggressive investment promotion campaign."

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Several US companies have projects in the pipeline, and a few have already started development, while others are waiting for the next government to take office before making a decision.

President-elect Ollanta Humala will assume leadership of the country on Thursday (Jul 28).