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Buenos Aires, fifth among cities of the region more attractive to invest

Source: Clarín / iEco 29/04/2011

According to a report, curiosity that gives the city has a better reputation than the country.

Santiago, Sao Paulo and Mexico City than in Buenos Aires as Latin American cities most attractive to investors, according to the so-called "Ranking of Latin American cities for investment attraction 2011" developed since 2010 by the Center for Competitive Thinking Strategies (CEPEC), Bogota University of Rosario and the Chilean firm Business Intelligence (IdN).
This ranking provides an "Investment Attractiveness Index Urban (Inai) and it took into account a total of 48 Latin American cities.
The Chilean capital reaches the top spot from third place in 2010 among cities with the best conditions for attracting investment in the region. Saul Pineda, director of CEPEC, said that in Santiago excel "significant progress in the city to improve its visibility on a global scale, the depth of its financial market, its favorable living conditions and purchasing power of its inhabitants."
San Pablo (second place) and Mexico City (third), cities of the two largest economies of Latin America, are emerging this year as the main competitors in the Chilean capital. "Thanks to the competitive advantages conferred on them by their market size, the presence of large multinationals and high global recognition," said Pineda. Rodrigo Diaz, executive director of Chile IdN considered, for its part, the market size and economic performance are key variables for decision making of an investor. In this regard, he added, the economies of Sao Paulo and Mexico City, with a GDP higher than in a country like Venezuela, are positioned as the metropolis of greater strength in the region.
in strict order, Rio de Janeiro and Buenos Aires deal the following locations. In Rio de Janeiro begin to develop real estate projects, roads, logistics and large-scale infrastructure, while the capital of Argentina is clear, according to the study, which is one of the few cities in Latin America that has better reputation their country.
The list of the top ten is completed by City of Panama, which indicated that protrudes leverage opportunities for productive projects and Lima, to be regional leader in economic growth projections in 2011. Then the ranking places the Mexican Monterrey, in eighth place, and that "highlights for their high purchasing power and strong corporate culture. "Bogotá continues, going down three positions, because" continues to excel by low transaction costs for the creation and location of companies, but is still affected by low perceived as their urban comfort. "Finally close the" top ten "Brasilia, noted for having" the population with the highest purchasing power in Latin America. "
The Inai also assessed the level of recognition of Latin American cities and the results indicate that Santiago, Rio de Janeiro, Mexico City and Buenos Aires are the ones that have global visibility.