Investors eye opportunities on Peru’s northern coast

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Authorities in the Pimentel district of Chiclayo announced today that a number of investors, both foreign and Peruvian, have expressed interest in developing projects in the area.

According to Andina news agency, burgomeister José Gonzales is excited about the potential investments to be made in his community. “As Pimentel grows, as it improves, I think developers are going to bet on this district and by 2015, they’ll be a much larger capacity in hotels,” Gonzales told Andina.

Andina reports that local authorities believe that the investments could bring a number of new residents to the area. That would be good news for Pimentel, as tax revenues are not as high as officials would like. “We are currently bringing in 2 million soles, which is extremely low, because we’ve projected that 5 million soles are what we could be bringing in. Thank god we have other incomes from taxes that let us work on the project that we’ve prioritized.”

Gonzales told Andina that one company is already making headway in the paperwork required to construct a new hotel: “According to what they’ve told me, it’ll be a four-star hotel, and it’ll be in the rural area of Pimentel and they’ve applied for the zoning permits for its construction. The investment they’re planning to make is strong, it’ll be more than US$10 million.”Chiclayo’s Pimentel district may soon be home to new travel establishments.

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Rachel Chase

Rachel Chase is a proud born-and-bred Minnesotan who’s moved to Lima after graduating from Gustavus Adolphus College with a double major in Spanish and Latin American, Latino, and Caribbean Studies. During her junior year of college, Rachel studied in Peru and loved it so much that she just had to come back. As well as being a dedicated News Editor, Rachel plays the ukulele and sings, as well as trying to devour as many books as she can.