Quito Investment Destination

Quito,

IN V E STMENT DE STIN ATION inversiones.quito.com.ec

General Facts

POPULATION 2 505 344 people

LANGUAGE Spanish / Quechua

CURRENCY US Dollars

AREA 262 874 miles

WEATHER Quito enjoys spring climate all year round, with an average annual temperature of 16째C.

Economic and political city

Quito is the political and economic center of Ecuador, home to the main governmental and non-governmental entities, both national and international, including the most important cultural, financial, administrative and commercial institutions operating within the country.

Quito, a city of opportunities

Opportunities

• National Knowledge Hub (high presence of universities and institutes ) • Development of advanced competitive factors • Central Node of the national productive matrix • Economic development in urban and urban fringe sectors • Redirection of productive development including the entire production chain

Economic development

Competitivity

Equity

Sustainability

Politics

Articulation of clusters and value chains To consolidate Quito as a logistics hub for insertion into regional and global context

To position Quito as an optimal city for business

To strengthen advanced factors of competitiveness

Boost competitiveness and local development throughout the country

Quito, a tourism oriented city

The first World Cultural Heritage

Middle of the World

Potential

Biodiverse City

Arrival Port

Worldwide Recognition

628.958 Tourist Arrivals

700,000

700,000

628.958

682.429

600,000

600,000 500,000 400,000 300,000 200,000

533.458 461.865

474.221

Tourists increased 48 % between 2009 and 2014. This trend estimates that by 2018, Quito will be having 1 million visitors.

2009

2010

2011

2012

533.458

500,000

487.378

682.429

461.865

474.221

487.378

2010

2011

400,000 300,000 200,000

2013

2009 2014 prev

2012

2013

2014 prev

26.882

26.882

Hotel Capacity

23.790

23.790

21.358

21.358

18.638

18.638 15.466

15.466

17.002

(in17.002 numbers of beds)

Growth of 13% between 2013 and 2014. Estimation: New hotel investment projects will add 1,000 additional beds.

2009 2009

2010

2011

2012

2013

2014

2010

2011

2012

2013

2014

Quito, a city for investment

Quito, in the Middle of the World

5

hours

20

New York Atlanta Houston Miami

12

hours

Amsterdam Madrid

Mexico DF San Jose Panama

hours

18

hours

4-6

hours

Bogota Medellin Caracas Lima Sao Paulo

Being located strategically along the Equator, smack-in-the-middle of our globe, Quito serves as an ideal connection between North and South America. Moreover, it is only a few hours by flight from the major cities of the western hemisphere, making it an excellent destination for business and investment.

Quito`s biodiversity

• The Metropolitan District of Quito includes 25 protected areas, 23 of which are protected forests and 2 which are ecological reserves. • Within its territory, 542 bird species have been recorded, which has earned the district the recognition of Important Bird Areas (IBA), a Conservation International category, at both the MashpiGuaycuyacu-Sahuangal reserve and the Pachijal watershed reserve.

Quito, a world-class destination In the past 2 years several international publications highlighted the beauty and interest of Quito and the investment projects being carried out within the city, in prestigious periodicals such as: • The Washington Post (USA) • The Chicago Tribune (USA) • Via G Magazine (Brazil) • Die Welt (Germany) • Quito was also included in the #1 New York Times bestseller“1,000 Places To See Before You Die”.

Education spectrum Quito is an academic city, due to its high concentration of universities and institutes as well as showing high qualify manpower.

Universities in Quito

Economical active population Quito

Quito

32% of Ecuadorean Universities are in Quito

17% 32% 68% Rest of the country Source: Senescyt

Among the 71 institutions of higher education (universities and technical schools), 32% are in Quito.

83% Rest of the country Source: INEC, ENEMDU

In December 2014, the economical active population of Quito represented 17% of the country. The capital city can be considered as the primary node of knowledge nationwide.

Private Investment

Annual private investment in Quito MILLIONS OF DOLLARS

600

536

500 400

443 386

384

2009

2010

368

300 200 100 0

2011

2012

2013

The capital is currently the Financial Center of Ecuador, which has led to greater levels of private investment in its territory. Over the last five years, the city has received US$2.117 million, representing, as of 2010, over 40% of Ecuador’s total investment.

Foreign direct investment

Annual foreign direct investment in Quito MILLIONS OF DOLLARS

350

292

300

Over the last few years, the capital has received close to US$1 billion in foreign direct investment.

250 200

213

188

150

166 125

100 50 0 2009

2010

2011

2012

2013

Investment Promotion Agency

1

INVESTMENT PROMOTION Generation of a favorable business climate for attracting investment

2

CITY BRAND Development and management of a city brand

BUSINESS INTELLIGENCE Data processing / focus on target markets

3

Investment incentives

INCOME TAX No payment of Income Tax for 5 years, starting when income is generated

CURRENCY OUTFLOW TAX (ISD)

Exemption of payment of ISD of imports good.

Exemption of the ISD on the re-payment of foreign loans and its capital

More information: http://www.produccion.gob.ec/

Quito, competitive city

Labor and entrepreneurship

Production chains

Productive development Innovation

Urban agriculture

Urban mechanics INNOVATION DISTRICT: • Placemaking: Public space improvement with citizens participation.

• Culture productivity: Museum of Contemporary Art • Knowledge Productivity: Quito’s Urban Ideas Laboratory

Airport

• LOGISTICS HUB • PORT OF ENTRY

Quito, a city of opportunities

inversiones.quito.com.ec @uioinvest