Foreign investment in oil and tourism will be the 'centerpiece' of Venezuela's success within 2 years, finance expert says
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Foreign investment in oil and tourism will be the 'centerpiece' of Venezuela's success within 2 years, finance expert says
"A group of about 20 US investors is already planning to travel to Venezuela in March, following Saturday's news that the country's president, Nicolás Maduro, had been taken into US custody."
"I think the centerpiece of Venezuela's success, looking out 12 months or even 24 months, is foreign investment. A big part of the Venezuela story, starting today, is foreign investment, especially in oil and gas, which is pretty straightforward, but there are massive opportunities in construction, in tourism."
"Myers said it's not the responsibility of his firm to take a "moral position" on whether it was right or wrong for the US to involve itself in Venezuela's government, but rather to help the firm's clients anticipate investment opportunities or mitigate risk due to geopolitical events."
A group of about 20 US investors is planning to travel to Venezuela in March after Nicolás Maduro was taken into US custody. Investor sentiment is cautiously optimistic about opportunities created by political change. Foreign investment, particularly in oil and gas, is expected to be the centerpiece of Venezuela's recovery over the next 12 to 24 months, with significant opportunities also in construction and tourism. Advisory firms are preparing investor groups to visit and some investors have purchased Venezuelan bonds in anticipation. Advisory firms prioritize helping clients anticipate opportunities and mitigate geopolitical risk rather than taking a moral position on US involvement.
Read at Business Insider
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