Saturday, 14 May 2022 02:37

PROESA has managed to generate US$336 million in investment with SALEX support

Written by Evelyn Alas

The Organismo Promotor de Inversiones y Exportaciones (PROESA) informed that a group of compatriots already have their projects underway, including 116 Salvadoreños en e Exterior (SALEX), who have joined the economic and social development of the country through investments.

To date these Salvadorans have generated US$303.7 million of investment under the Directorate of Investment Attraction SALEX and municipalities.

Each initiative is in different locations, ranging from Ahuachapán to La Unión. For example, Sociedad SHB, through Innovaciones Agroindustriales en El Salvador, is promoting an agricultural project in San Pedro Puxtla, Ahuachapán.

One of the main objectives of this group is to foster more jobs in the locality and bring development to more locations. For example, the S.H.B. partnership will invest an estimated US$2 million, but will also open up opportunities for local residents.

Agribusiness projects are also sources of employment.

The head of PROESA, Salvador Gómez, indicated that the projections are to generate 100 jobs, plus the current 65 jobs that will accompany them until they see their products positioned in international markets.

Around three million salvadorans live abroad. Each year they send between US$5 billion and US$7 billion in family remittances.