Peru’s National Confederation of Private Business Associations (Confiep) announced investment projects worth 56 billion dollars which execution will allow the development of southern Peru.
The president of Confiep’s Regional Committee Ricardo Briceño noted that it is necessary to take proactive actions to facilitate the execution of these investments, which will benefit every Peruvian.
“This area totals 27 percent of the Peruvian territory and gathers 17 percent of the population, but only produces 15 percent of the Gross Domestic Product (GDP). In other words, it is one of the poorest regions in the country,” he said.
Based on a research carried out by the Peruvian Institute of Economy (IPE), Briceño highlighted that these investments will have a significant impact in the development of southern Peru, creating 1.9 million direct and indirect job opportunities just if we consider the mining investments worth 30 billion dollars.
“This means that we could give jobs to every Peruvian who joins Peru’s labor force for the next 11 years,” he said. (Andina)
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