Investors show interest in Ecuador’s mining sector

During the Ecuador Open for Business investment forum, the Government signed two investment agreements with companies in the mining sector for an approximate amount of USD 470 million that will generate 2,000 jobs.

The contracts were signed with the Canadian mining company Lumina and the Australian mining company SolGold.

During the meeting, the Government’s intention to attract investment was highlighted, so that -at the same time- decrees were signed to create the National System of Attraction and Facilitation of Investments (SNAFI) and the Single Window of Investments (VUI), as well as the Technical Secretariat of Public – Private Associations and Delegated Management.

The creation of these agencies aims to put aside bureaucratic procedures to support investors, whom he thanked for their trust in the country.

It transpired that the Single Window of Investments will be in charge of managing permits for the start of operations in a simplified way with all government entities involved.

The Executive established a policy to promote and attract foreign investment, taking into account a regulatory framework.

Lasso said that it was necessary to fight against bureaucratic processes and facilitate investment, by creating a Public-Private Alliance Secretariat to serve as an interlocutor with the Government, as well as a Single Window for Investments.

His pronouncement was made during the investment event, in which the Government presented a portfolio of 50 projects to investors from 51 countries. Among the projects disseminated are in the areas of mining, hydroelectric, hydrocarbon, infrastructure, telecommunications, sports, culture, environment, health, real estate, energy, among others.

Be the first to comment

Leave a Reply

Tu dirección de correo no será publicada.