Investment Opportunities to Capitalize on Nearshoring of US Companies in Guatemala

By Mayora IP

During a conference hosted by the HUGE Business and Investment Council, the leaders of major Central American banks signed a memorandum of understanding to formalize their commitment towards creating greater opportunities for Central Americans.

"Encouraging investment in projects that generate positive economic, social, and environmental impact is crucial for the sustainable development of our region. It ensures a future of new opportunities, allowing Central Americans to fulfill their "American Dream" at home," said Dr. Juan José Daboub, President of HUGE.

HUGE is a joint effort of private sector job creators from Guatemala, El Salvador and Honduras and their counterparts from the United States to create massive employment throughout the region, including in the United States.

Currently, possible private investment in infrastructure projects amount to $3.4 billion and could generate approximately 140,000 new jobs in the Northern Triangle region of Central America. The investment opportunities include two large industrial parks, a technology park, a large data center to support e-commerce, modern highway construction and two alternative energy projects.