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“We focus on industries away from the oil sector, concentrating on technology, agriculture, healthcare and food processing,” says Teodoro Jesus Poulson, on FACRA’s investment committee |
One of the most recent drives towards diversification has been the subtle change the government has made to its private investment law.
Towards the end of July this year, it presented a draft law on private investments, streamlining the bureaucratic process, looking to speed up and increase FDI to the country.
The reinvigorated law continues to emphasise a preference for investments in sectors unrelated to the oil industry and offers fiscal incentives for those looking to develop regions outside of the capital.
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