A decade ago, Costa Rica opened its doors to the giant microchip manufacturer Intel, attracting one of the most powerful companies in the world to locate in La Ribera de Belén. And according to figures by the Ministerio de Comercio Exterior (Comex), the move paid off.

Comex reports that Intel has invested in the country so far more than us$700 million dollars, representing 4.9% of the Producto Interno Bruto
(PIB) - Gross National Product.

In the ten years in the country, Intel has not produced jobs, but has also allowed the growth of opportunities in the technology sector and attracted more investment and transfer of technology.

Comex minister, Marco Vinico Ruiz, says Intel represents 40% of all exports from Zona Francas (free trade zones) and 20% of exports from Costa Rica, employing some 3.500 people in Costa Rica.

Minister Ruiz added that the presence of Intel in Costa Rica has also meant a positive high impact on the economy, industry, educational institutions and the country in general. The presence of the company has also strengthened the image of the country and has been a determining factor in decisions to invest in Costa Rica by other companies, said the minister.

The trade minister told Craig Barret, chairman of the board of directors of Intel, that the company can count with the necessary support so that it continue to invest in Costa Rica.

Intel, according to the minister, is an example for other companies to follow when deciding on Costa Rica for their investment.

Source: amcostarica.com