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Nicaragua aims to attract $11.5 billion investment

Wednesday, January 23, 2013

The Nicaraguan government calculates its budding economy will attract $11.5 billion in foreign direct investment by 2016, according to presidential adviser Paul Oquist.

Oquist said Nicaragua is on track to pull record amounts of investment in areas of tourism, mining, renewable energy, oil refinery, telecommunications, manufacturing and free-trade zones.

To prepare itself for what the Sandinista media calls “an avalanche of development”, Oquist said Nicaragua needs to start improving its human resources and scientific knowledge.

Source: Nicaragua Dispatch