Multinational Companies in Costa Rica Generated 22,000 New Jobs in 2022

SAN JOSÉ, Costa Rica, Feb. 10, 2023 /PRNewswire/ — The Costa Rica Investment Promotion Agency (CINDE) and the Ministry of Foreign Trade (COMEX) announced in a press conference that Costa Rica was able to add 101 direct foreign investment projects during 2022 that generated 22,000 net jobs. Eleven new investments coming from seven non-traditional geographic locations such as Canada, Chile, and Germany were pointed out.

As explained by the Managing Director of CINDE, Jorge Sequeira, this translates into 40 greenfield projects (a record figure that is double what was reached in 2017 and 2018) and 61 multinational companies that continued to trust and reinvest in the country.

According to the data that were shown, diversification also continues for the origin of the investment made, as well as the decision of several companies to install in areas outside the Central Valley, which expands the benefits for more Costa Rican citizens.

The President of the CINDE Board of Directors, Eric Scharf, indicated that “the results for 2022 reaffirmed the good positioning that Costa Rica has harvested as the headquarters for attracting FDI, positively impacting the country’s economy and development. The figures show that the jobs generated by the 40 new firms that were attracted and the 61 companies in growth have an impact on key populations that the country must deal with comprehensively to be able to generate more opportunities for everybody.”

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