Foreign Direct Investment

of La Guajira, and its commercial phase is expected to start in the first half of the year. For more information, see the following link.

• Thanks to the Super Bowl, Colombia exported 1,500 tons of Hass Avocado to the United States. For more information, consult the following link.

• On Valentine's Day, the National Government and the flower sector highlight the highest growth Flower exports in the history of Colombia. For the year 2021, this sector exported US $1,727 million, presenting an increase of 22.4% compared to 2020 and 17.1% compared to 2019. 80% of the total is shipped to the United States. For more information, see the following link.

• The Ministry of Trade, Industry, and Tourism granted the first qualification of the Mega investment regime to the airline Ultra Air, which will invest US$30 million and generate 22,000 jobs in the next five years. For more information, see the following link.

Good news about Bogotá

• The International Chamber of Commerce (ICC) chose Bogotá as a hub for its Center of Entrepreneurship. This will be the tenth of this nature worldwide and the second in the region. Through this new center, the ICC seeks to promote entrepreneurial activity in Bogotá – Region and position the city as the “Capital of Entrepreneurship” in Latin America. For more information, see the following link.

• Project for medicinal and industrial cannabis use in Bogotá is approved. This establishes the guidelines for the awareness, promotion, and research of this product in the country's capital. For more information, see the following link.

• Scotiabank Colpatria announced the inauguration of the ScotiaTech technology hub in Bogotá. This initiative seeks to link 1,000 collaborators in the capital with roles related to innovation in the banking sector. For more information, see the following link.

• According to Invest in Bogotá, Foreign Investment for the year 2021 in Bogotá was greater than USD 100 million.

Of the 35 investment projects promoted by the capital´s investment promotion agency and a subsidiary of the

Bogotá Chamber of Commerce, eleven corresponded to companies from the US and five from Mexico. For more information, see the following link.