IBM to invest $300 million, create 1,000 jobs in Costa Rica
U.S.-based technology giant IBM announced Thursday it will invest approximately $300 million over the next 10 years in a new information technology service center in Costa Rica. The center is expected to create an estimated 1,000 jobs by 2014.
President Laura Chinchilla said the IBM investment is one of the largest in the country in the past decade, and represents a vital step for her administration’s goal of achieving $9 billion in foreign direct investment by 2014. With FDI reaching $1.45 billion in 2010, Chinchilla set a goal of $1.95 billion for 2011.
“As president, my main priority is to propel Costa Rica toward development, improving its competitiveness and guiding it toward innovation through high technology, and generating employment opportunities with higher added value,” Chinchilla said Thursday morning. “The decision of IBM is a very positive sign that we are moving in the right direction. Costa Rica is welcoming new opportunities to continue developing the talent of our workers and motivating our youth in school.”
According to the Costa Rican Investment Board, in 2010 there were 210 foreign-owned companies operating in the country, generating 58,472 jobs.
You may be interested
Mike Pompeo warns Costa Rica about economic ties with ChinaAlejandro Zúñiga - January 21, 2020
During a press conference following Tuesday's meeting with President Carlos Alvarado, U.S. Secretary of State Mike Pompeo urged Costa Rica…
President Alvarado asks U.S. Secretary of State to review Costa Rica travel advisory, FAA certificationAlejandro Zúñiga - January 21, 2020
President Carlos Alvarado asked U.S. Secretary of State Mike Pompeo on Tuesday to review the North American country's travel advisory…
‘No evidence’ Maduro willing to hold free elections, Pompeo says in Costa RicaAFP - January 21, 2020
US Secretary of State Mike Pompeo said Tuesday that despite numerous contacts with foreign officials in recent months, there's no…