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