The Metropolitan Area of San Salvador (AMSS) is set to see significant growth in private investment, with the Executive Director of the Office of the Metropolitan Area of San Salvador (Opamss), Luis Rodríguez, announcing that $1.55 billion in private investment projects have already been released for execution. This marks a steady increase in the region’s investment activity, with Rodríguez projecting a total of $7.8 billion in private investments over the next five years (2024-2029).
“We have already exceeded $1.55 billion in released projects, and this signals a progressive trend in the growth of private investment in the region,” Rodríguez said during a recent statement. He emphasized that the Opamss has worked closely with the private sector to accelerate the development of projects, addressing both new initiatives and previously delayed ones.
As of mid-November, the amount of released private investment was recorded at $1.4 billion. However, Rodríguez confirmed that an additional $150 million in projects have since been added, bringing the total to $1.55 billion. The executive also highlighted the positive impact of the recent annexation of La Libertad Este and La Libertad Costa municipalities, which has expanded Opamss’s portfolio of investment opportunities that will begin to be rolled out in the coming year.
Rodríguez further revealed that 50% of the private investment projects currently under development in the AMSS are focused on residential construction, reflecting the high demand for housing in the region. The remaining 50% of projects are distributed across services, industry, logistics, commerce, and mixed-use developments.
Looking ahead, Opamss is also working on a series of institutional investments to enhance its operational capabilities. Rodríguez outlined plans for the development of a “georeferenced cartodata system,” which will provide a comprehensive tool to track and manage ongoing projects, assets, and future developments across both public and private sectors. This system, he explained, will enable faster planning and provide investors with detailed insights into their surrounding investment environment.
Additionally, Opamss is preparing to launch the Metropolitan School on a national scale in 2025, with the support of universities throughout the country, further contributing to the region’s educational and infrastructural growth.
With these initiatives, Opamss aims to continue driving economic growth and investment in the Metropolitan Area of San Salvador, positioning the region as an attractive hub for both local and international businesses.