WHY INVEST IN VENEZUELA
The Bolivarian Republic of Venezuela has a number of advantages that make it an attractive destination for investment. First, it has abundant natural resources of oil, gas, electricity, gold, bauxite, iron and other non-metallic minerals. It is a very dynamic and modern market with high purchasing power, in addition to a solvent and secure economic framework due to the payment ability of its government. It is a country open to other markets in the Hemisphere, and for that reason also has preferential access to them. A legal framework favourable to investment supports all these features.
Venezuela enjoys a privileged location in the northeast of South America, giving it an opportune access to the Great Basin of the Caribbean and Latin America, and an advantageous connection point to the East Coast of the United States and Europe. Its proximity to the equator gives it a tropical climate with two seasons (wet and dry) and average temperatures of 25.5 ° C or 78° F.
Venezuela is an oil producing country of great importance worldwide. In the last five years, resources from oil exports generate sufficient revenues to sustain the economic growth of the country. It is the sixth country in reserves of light crude in the world, and first in heavy oil reserves. Its proven reserves are estimated at 147 trillion cubic feet of natural gas, 15 billion metric tons (MT) of iron, more than 8 billion MT of coal reserves and accessible deposits of bauxite, phosphate, zinc, copper, gold and diamonds. It also has 40,000 km2 of arable land.