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Published Thursday, February 20,
2020
Costa Rica ranked second-best in world for foreign investment in tourism By the A.M. Costa Rica staff The government, through the Costa Rican Investment Promotion Agency, CINDE, said Wednesday that the country has been recognized as the second-best destination for foreign investment in tourism. "Having 6.5% of the world's biodiversity amazes more than one from the moment you set foot on Costa Rican soil," CINDE said in its statement. "Precisely, natural resources are one of the aspects that most impressed the jury that evaluated Costa Rica among 51 countries, ranking it as the second-best global destination for attracting foreign direct investment in tourism, preceded only by Australia." According to CINDE, the results come from the most recent ranking published in “The tourist destinations of the future of FDI 2019-2020” of the FDI Intelligence magazine of the Financial Times. The rankings were published in the December-January edition. The evaluation also recognizes Costa Rica's sustainability practices, training schemes, as well as the work of the Costa Rican investment promotion agency, to attract investment to the country. Costa Rica also stands out in the specialization and customized awards, a series of awards in different categories. The country shines in nine of the categories: activity tourism, wildlife, connectivity, education and training, incentives, hotel development and investment, accelerated growth, sustainability, incentive tourism, conferences and exhibitions. "Those who visit Costa Rica can enjoy horse riding, river rafting and parachuting," the magazine said in its activity tourism review. "They can also cross the forests through the Monteverde suspension bridges and the cable car." “We are honored to recognize that the country has been making coordinated and efficient efforts to promote itself as a suitable destination for foreign tourism investment with respect to the authenticity, values and cultural tradition of cultural traditions,” said María Amalia Revelo, minister of Tourism. According to Jorge Sequeira, of CINDE, recognition reinforces the image of Costa Rica. Regarding the education and training category, the ranking noted that CINDE works closely with academics and communities to develop talent. "The agency develops working groups and forums to identify gaps in the market, helps foster academic alliances between local and international universities and drives the creation of personalized training programs." In the category of incentive tourism, conferences and exhibitions, Costa Rica shares this recognition together with The Ukraine and Colombia. The publication highlights the construction of the Costa Rica Convention Center, which has been operating since 2018, with an investment of $35 million and that "boosts the country's competitiveness as an international destination for business tourism." The sustainability award highlights the work of the Costa Rican Tourism Institute, through sustainability certification, which distinguishes the work of companies in this field. In February of last year, the institute signed an agreement with CINDE as part of a five-year strategy for the search and promotion of tourism infrastructure investment projects, which include hotels, entertainment, corporate sites, thematic or sports properties, and port or airport infrastructure supporting the tourism sector, the agency said in its statement. The FDI Intelligence ranking methodology was measured based on data from 51 destinations, with statistics from the FDI Benchmark and FDI Markets instruments. The 51 sites were required to have a minimum Gross Domestic Product of 10% generated by tourism and countries with at least 10% tourism projects. According to CINDE, the ranking also used data from the U. N. World Tourism Organization. The complete Tourism Location ranking can be reached at FDI site. ------------------------------ What is the tourist activity that could be more attractive to foreign investors? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com |
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