Bogota on the other hand, is strategically located in the center of the continent - five hours by plane from New York, Mexico City and Sao Paulo - and has excellent air connectivity, with daily direct flights to major cities in the Americas. Thanks to its location and air connections, many companies have chosen Bogota as their regional offices, shared service centers and logistics centers to serve Latin American markets.
Bogotá has a market of more than 8 million inhabitants backed by a solid and diversified economy. The city's GDP represents approximately 26% of Colombia's total and is higher than several countries in Latin America. Bogotá offers investors one of the best business environments in Latin America. According to the most recent World Bank analysis, Bogotá is the city of Latin America with greater facilities for doing business. An example of this is that Bogotá has been the Latin American city that in the last 8 years has implemented the greatest number of reforms to make the business climate more efficient.
The solidity of the Bogota economy is evident in its dynamism. In fact, during the last decade, the economic growth of the city was the biggest one in the region. The good economic performance of the city has been reflected in an outstanding price stability. Bogotá has one of the lowest levels of inflation among the most important cities in Latin America. The current inflation of the city is located below cities like Lima, Rio de Janeiro, Sao Paulo, Buenos Aires and Caracas.
“...Colombia leadership is notable in the region, after 3 years of legalization the emerging industry in Colombia has attracted the biggest foreign investment in Latin America up to date, USD$440+ Million dollars has been deployed so far; this, and the fact that Colombian industry has up to date 350 licensees and about 1,700 in process for small cultivars makes the Colombian industry a ripe option to generate an optimal investment portfolio where risk can be mitigated and profitability margins can be increased…” Carol Ortega, MCG CEO´s explained.
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