Security measures implemented by the government of El Salvador motivate foreign investment

September 2022 closed as the safest month in the history of El Salvador, reporting 19 days without homicides, according to data from the National Civil Police (PNC).

Given this, the presidential commissioner for Strategic Projects, Cristian Flores, stated that the results obtained during the ninth month of the year are only part of a legacy of peace that the government of President Nayib Bukele will leave to Salvadorans.

The official added that, in addition to the social benefit, the new security that is perceived in El Salvador has an important weight in the economy and that it is attracting dozens of investors seeking to set up operations in the country.

Among these new investments is one of the 25 largest design and construction companies in the world, from South Korea, with representatives Flores met last week.

“With these great advances in security, with the investments in infrastructure, health and education that are being made, they say, they have plans to open offices in El Salvador by 2023 and manage all operations for Latin America from here,” he said.

He also reported the arrival of a company from the technology industry that will be opening a technology park in Santo Tomás next year.

All this attraction of foreign capital “shows that the security factor is not only an incentive for Salvadorans, but also a motivating factor for any foreign investor,” the official commented.

In this sense, Flores considered that these investments also contribute to the generation of new jobs and position El Salvador under a new focus on professional services.

On the other hand, he reaffirmed the benefit generated for businesses that no longer have to pay extortion and reaffirmed that this also encourages the creation of new ventures.

“Companies now have considerable savings, reduce their costs, and increase their profitability because they don’t have to pay extortion,” he noted.