Operating Environment
Quality Operating Environment
Bogota has a high quality, worry-free operating environment. There is a plentiful supply of quality, cost competitive office, warehousing and manufacturing space. The city has redundant telecom connectivity and excellent utilities. The city is a major land and air cargo transportation center and a natural logistics hub for Colombia. Finally, Bogota has all the corporate services needed by investors.
Plentiful, High Quality Space
At present, Bogota has a supply of approximately 600,000 square meters (1.9 million square feet) of office space, including top quality high-end offices. There are more than 50 industrial parks, including several new free trade zones with excellent warehousing and manufacturing spaces. Contact us for information on properties available for rent or sale.
Telecommunications
According to the World Competitiveness Yearbook, Colombia is one of the top ten countries in the world with the highest levels of investment in telecommunications, as a percentage of GDP, and the top country in Latin America. As a result of market liberalization and significant private sector investment, Bogota boasts a redundant, high quality telecommunications infrastructure. Currently, more than half a dozen private providers offer complete corporate telecommunication solutions.
Bogota is connected by redundant overland connections to five international underwater cables.
Main Optical Fiber Network (2009)
Source: Invest in Bogota, based on official information and telecom providers
Source: Invest in Bogota, based on official information and telecom providers
In terms of broad band penetration, Bogota ranks fourth among 46 cities in Latin America.
Percentage of Broadband Penetration (2008)
Source: Chamber of Commerce of Bogota, Studies and Researches Direction based upon information from AmericaEconomia Intelligence 2009
Source: Chamber of Commerce of Bogota, Studies and Researches Direction based upon information from AmericaEconomia Intelligence 2009
Utilities
Electric utility coverage is nearly 100% in Bogota. CODENSA, Bogota’s electric utility, is part of the ENDESA Group of Spain, and is recognized for high quality and cost-competitive service. Natural gas is provided by another privately-owned utility, Gas Natural. Water and sewerage are managed by the City-owned Acueducto de Bogota which has coverage of 99% in water and 98% in sewerage.
Transportation
Bogota is a natural hub for land based freight in Colombia. Many companies have located logistics and distribution facilities in Bogota to serve Colombia. The government is currently developing four-lane highways from Bogota to Atlantic and Pacific sea ports.
Distances to Ports and Land Borders
Source: Invest in Bogota
Source: Invest in Bogota
The Bogota Eldorado International Airport is one of Latin America’s largest passenger and air cargo hub. It is currently undergoing a US$ 500 million upgrade.
The airport is #1 in terms of freight volume in Latin America.
Main Latin American Airports as per Cargo Movement (2008)
Source: Airports Council International, Worldwide Airport Traffic Statistics. Calculations by Invest In Bogota
Source: Airports Council International, Worldwide Airport Traffic Statistics. Calculations by Invest In Bogota
El Dorado is the fourth busiest airport in Latin America in terms of passengers.
Main Airports in Latin America as per Passenger Movement (2008)
Source: Airports Council International, Worldwide Airport Traffic Statistics. Calculations by Invest In Bogota
Source: Airports Council International, Worldwide Airport Traffic Statistics. Calculations by Invest In Bogota
Wide Range of Corporate Services
Bogota offers a wide range of corporate service providers, from international legal, accounting, tax and consulting services, to sophisticated financial intermediaries and specialized suppliers. Please contact us for a copy of our directory of service providers.
Updated (mm/dd/yyyy): 05.20.2010
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