50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Siemens to invest 500 million euros in Colombia energy, infrastructure

Published 10/11/2019, 04:11 PM
Updated 10/11/2019, 04:16 PM
Siemens to invest 500 million euros in Colombia energy, infrastructure
SIEGn
-

BOGOTA (Reuters) - Germany-based technology company Siemens (DE:SIEGn) will invest 500 million euros in energy technology and transmission and transportation infrastructure in Colombia, President Ivan Duque and the company said on Friday.

Duque did not specify in what projects the company would invest, nor the time frame for the investments.

"This morning I told the president and his government that Siemens is ready and willing to invest 500 million euros in Colombia and we have worked together to make that possible," Siemens president Joe Kaeser said in a government press release.

Duque said the investment showed Colombia is seen as one of the countries that is growing most in Latin America.

The government predicts the Andean country will grow 3.6% this year, while the market expects a less optimistic 3.1%.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.