May
22, 2004
Foreign investments grow 72.38%
(Venpres- Reproduced by Conapri's Newsletter)
- "According to the Foreign Investments Superintendency,
foreign investments grew 72.38% in the first four
months of the year compared with the same period
of 2003. SIEX head Miriam Aguilera de Blanco said
that Venezuela has received investments of US$170.48
million so far this year.
The fastest growing sector was manufacturing with
US$131 million, representing 76.94% of total foreign
investment in the country. Foreign investment
in real estate and other services grew significantly
to US$25 million. Commerce rose US$11 million
(6%), followed by agriculture; transport, storage
and communications; community, social and personal
services; and mining and quarry production.
Aguilera added that 'the United States has traditionally
been one of Venezuela's most important investors.
However, the presence of European companies has
increased, particularly France and Switzerland
and lately Germany, which has invested US$9 million
this year in manufacturing sector'".
