Essential News

• Site Selection Magazine presented new international study which evaluated agencies dedicated to attracting investment across the globe.

• CINDE was recognized as "leading investment promotion agency” in the Global Best to Invest awards 2015.

San Jose, May 20th, 2015. The Costa Rican Investment Promotion Agency (CINDE), was recognized by the prestigious international magazine Site Selection, as the best agency to attract investment in Latin America in 2015.

The study implemented by the magazine analyzed variables such as: Most professionally responsive to investor inquiries, most knowledgeable and linguistically diverse staff. Most access to user-friendly databases of sites and incentives, both general and sector-specific, best information on timing expectations for permitting and other processes, best access to recent investors in the region for testimonials, best reputation for protecting investor confidentiality and best reputation for after-care services.

Site Selection Magazine highlighted CINDE and Invest TT (Trinidad andamp; Tobago) as the two top national agencies in Latin America for their work in attracting investment projects and the quality of their services to their customers

The news was received by the organization at a time when a business tour for Investment Promotion is being held in the United States. The Managing Director of CINDE, Jorge Sequeira, stated "Our organization has managed to be the gateway for many multinational companies to know Costa Rica and the quality of its human talent, for more than 30 years. More than 250 multinational companies operate today in Costa Rica and export their goods and services to the world. Our commitment for 2018 is to precisely translate the attracting of new investment projects into a total of 32,000 new jobs for the country and we are moving towards that direction. "

For the Minister for Foreign Trade, Alexander Mora, "The fact that CINDE has that recognition confirms and demonstrates that the quality of work and the impact that CINDE is having in the process of attracting investment to the country is world class. We will continue to work together and, I repeat, it is excellent news because CINDE being recognized by an international publishing and consultant group specialized in identifying new potential sites for investment this way is a certification of quality and first class work ".

For Gilberto Serrano, President of the Costa Rican Banking Association (ABC) and member of Uccaep, who also participates in the investment promotion tour, said "it is an honor for the country, this is one of the most important institutions in attracting investments. We must continue to support it as we do today with the Government on this business tour through the United States. "

The magazine says in its presentation that the study recognizes the commitment, excellence and leadership of the agencies as well as their day to day work team. It also serves as a reminder to maintain and build their professionalism and excellence in the future and serve as a guide for potential investors who want to know countries through these agencies.

CINDE has worked for more than 30 years on investment attraction of high-tech companies in sectors such as Services, Advanced and Light Manufacturing, Life Sciences, Agribusiness and Food Industry. In these 3 decades, the agency has generated 85,000 direct high quality and well paid jobs by the companies that have installed their investment projects in Costa Rica.