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Arab investments in Peru likely to reach US $2 billion by 2012

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LivinginPeru.com
Isabel Guerra

Arab investments in Peru likely to reach US $2 billion by 2012Arab investments in Peru may increase significantly and total some US $2 billion by 2012, said Elard Escala, executive director of the Economic Promotion Bureau of Peru’s Ministry of Foreign Affairs.

He said that some of the Arab companies that currently have capital invested in Peru are Dubai Ports (DP) World, with investments worth US $700 million in the Callao Port South Dock, and Argelia’s state company Sonatrach, with US $300 million invested in the Camisea project.

Escala said Arab investments in Peru would double by 2012, after a hard work with the government through Peru’s Promotion Agency of Private Investment (ProInversión), reports Semana Economica.

(Photo: Andina)

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