Modernity and Infrastructure

Modernity and Infrastructure

Another key ingredient for a country to become a world referent is to achieve a balance between its natural resources administration and its technique innovation, in order to live with those resources and seize them. Colombia has been improving substantially in this field for the last years and the world is talking about those efforts made.

A proof of the gained trust of the country is the remarkable increase of the Direct Foreign Investments (IED-DFI). 2013 closed with a historical peak of more than $16.000 million in IED, mostly of which have been deposited in the hostel sector. For the past 4 years, IED in the sector increased by 235%, exceeding $1.400 million, being those investments made by some of the main hotel chains worldwide –Hilton, Marriot, Intercontinental, IHG, among others-. Currently, Colombia holds more than 7.500 hotels across the country: more than 450 of those have lounges to conduct corporate events.

However, not only international funds have helped to the national growth. The Government has conducted significant infrastructures’ investments in different sectors. Among many others, investments in the sports field are remarkable. More than 150.000 million COPS were invested in adapt sport fields to suit national and international competitions –such as Cali’s World Games and the XIX National and Para-national Games- and High Performance Centers standards.

Likewise, a major investment has been made in improving air and sea loading ports in order to guarantee the best conditions for product transportation. For example, the International Airport of El Dorado enjoys a special infrastructure to handle reefer cargo for export products, such as flowers and fruits. Similarly, Buanaventura, Cartagena, Barranquilla and Santa Marta’s sea ports have expanded and specialized its infrastructure to fit temperature-controlled cargo by increasing the connection points among containers.

The development of cities has also aimed to create sustainability by implementing innovative techniques. The main urban cities, such as Medellín and Bogotá, are facilitating the construction of smart buildings with reutilization systems and clean energy generation. Moreover, eco-friendly means of transportation are being implemented, such as the Medellín Subway or the Bogotá’s transport system, in order to drastically reduce the CO2 emissions.

The approach that the country has seized the natural resources at the Energy Sector, similarly, is way more tangible. 69,5% of Colombian energy is generated by water resources; 29,6% by thermal resources; and 0,9% by wind resources. Close to 10.000 MW are produced only in water resources, but it is estimated that Colombia could produce another additional 80.000 MW; consequently, the international community is demonstrating great awareness on this field.

The Colombian Technology sector is not falling behind and through digital animation and software development, the country is considered to be a world referent in terms of digital subjects. Only in 2013 the IT sector reported sales of more than $3.000 million. This is the consequence of the highly skilled labor force of the country, which is demonstrated by the dozens of Colombian companies being awarded with the highest world quality standards, such as CMMI, IT Mark and TSP/PSP, among others.

Those are just a few examples of some of the facts that make Colombia a highly developed country with great opportunities ahead in terms of technology and competitiveness.