These are the construction companies looking to be in Venezuela after the new political scenario
The document emphasizes the decision to 'disregard any attempt at external imposition'. Photo: EFE
TL;DR
- Venezuelan construction and building materials firms are evaluating re-entry or expansion following a political shift.
- Interest lies in potential infrastructure, housing, and industrial projects, dependent on legal stability and clear investment rules.
- Companies like Metecno Colombia and Exiplast, with past operations, are closely monitoring changes.
- Key conditions for return include stable trade rules, predictability, and sustainable commercial relations.
- Reliable local allies and clear economic guarantees are crucial for mitigating risks.
- Grupo Argos's subsidiary, Cementos Argos, is also evaluating a return after its plant was expropriated in 2006.
- Companies are prepared to act once opportunities solidify, with potential returns taking several months.