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The Ministry of Housing reported that, during the current administration, US$9,785.3 million in investment has been released through streamlined procedures and permits related to land subdivision and construction.
According to the Ministry, this figure reflects the impact of measures implemented to simplify administrative processes and boost the construction sector, one of the main drivers of the national economy.
Streamlining procedures and economic stimulation
The Ministry explained that the release of this investment has been possible thanks to the modernization of procedures, reduced response times, and improved inter-institutional coordination for the approval of urban and housing projects.
Land subdivision procedures allow for the division of land into lots for development, while construction permits authorize the execution of residential, commercial, and industrial projects. Streamlining these processes allows private and public projects to move forward more quickly, generating employment and economic activity.
Impact on the construction sector
The construction sector has a multiplier effect on the economy, as it drives demand for materials, professional services, and labor. The release of nearly US$9.8 billion in investment represents a significant boost for developers, construction companies, and workers in the sector.
Furthermore, the progress in permits and authorizations contributes to providing greater legal certainty for investors, which strengthens confidence and promotes new projects in different parts of the country.
Urban planning and development
The Ministry of Housing emphasized that these actions are part of a strategy aimed at organizing urban growth, promoting planned developments, and ensuring that projects comply with established technical and legal requirements.
With this figure, the institution underscores the role of government management in facilitating investment and creating favorable conditions for sustainable economic growth through a more agile, transparent, and competitive construction sector.
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