[Weaving Ribbon News] According to the analysis report of the Central Bank of Nicaragua, Nicaragua attracted foreign direct investment in 2010 increased by 15% compared with 2009 to 434 million U.S. dollars, reaching 500 million U.S. dollars due to the benefit of the international economic recovery.

    In 2010, Nicaragua’s source of foreign capital was led by Canada, with an investment amount of US$132.5 million, accounting for 26.5% of the total investment; followed by US$89 million, accounting for 17.8% of foreign investment. In addition, there are Central and South America and Eurasia countries, which attracted companies from 38 countries to invest in Nigeria in 2010. With the total investment over the years, the main source of foreign direct investment in Nicaragua is still the United States, accounting for 50% of the total, followed by Mexico. And Canada accounted for 17.5% and 10%, respectively.

    In 2010, the foreign direct investment industry in Nicaragua was mainly concentrated in the energy industry, communication industry, processing area, and tourism industry, of which the investment in the energy industry accounted for 29.2%, followed by the communication industry accounted for 28.2%, the processing area accounted for 17.5%, and the tourism industry Accounted for 10.1%.

    The energy industry is mainly invested by Venezuela’s PDVSA and Brazil’s Petrobras. The telecommunications industry is mainly invested by Spain’s Telefonica, Mexico’s Telmex, and Russia’s Yota. The processing zone’s industry is mainly invested by countries such as Europe, the United States, and Central America. There are also many textile mills in South Korea investing in the processing zone.

    Encouraged by the recovery of the international economy in 2010, foreign investment in Nicaragua showed a recovery trend, and foreign investment in 2011 is expected to gradually recover. According to the Director of the Nicaragua Investment Promotion Agency, Javier Chamorro, foreign direct investment grew by 15% in 2010 to US$588 million.

    In 2011, Nicaragua will work hard to promote the plan to double the amount of foreign direct investment, so as to create more job opportunities.

    It is estimated that foreign investment industries will be concentrated in the three major industries of electricity, oil and communications in 2011. The investment amount is expected to reach US$360 million, US$300 million and US$170 million respectively, and it is expected to create 100,000 direct and indirect job opportunities ; Plus 160,000 jobs created by the public investment plan, a total of 260,000 new jobs will be created in 2011