The meeting takes place in Quito until November 26. The Minister of Energy highlighted that the country currently leads the Economic Climate Indicator.
Until November 26, representatives of 250 Ecuadorian and foreign companies meet at the mega event Expominas and Ecuador Oil & Power, which is held in Quito, in order to promote business and investment in the public and private sectors.
The meeting is considered the most important for the mining and oil industries of the country, organized by the company HJ Becdach. This year it will take place again in person, because in 2020 it was not possible due to the pandemic.
The opening ceremony took place on the night of November 24, at the Quito Metropolitan Convention Center, in the old Mariscal Sucre airport, north of the capital.
There, in a vast space of 10,000 square meters, information stands are deployed where companies expose their products, services and investment opportunities to the public. There are also start-up positions in some of the communities near the mining and oil projects.
Hassan Becdach, executive president of HJ Becdach, stressed that private companies and the Government must join forces to create more sources of employment, through mining and hydrocarbons, as well as in other strategic sectors.
To achieve this, the investments must have advanced technology that facilitates the development of their activities, while the State must provide business facilities and legal security.
During the ceremony, the participation of women in the mining industry was also discussed. María Isabel Aillón, president of the president of Women in Mining (WIM) Ecuador, announced that the first survey will be carried out to find out how many women work in mining, the results of the study are expected in 2022.
From the Government there is optimism in attracting capital. Juan Carlos Bermeo, Minister of Energy and Non-Renewable Natural Resources, stated at the inauguration that the country has great growth potential. He highlighted that Ecuador currently has an adequate business climate, which is why it leads the Economic Climate Indicator (ICE), according to a study by the Getulio Vargas Foundation in Brazil.
Bermeo stated that currently mining activities are carried out in just 6.93% of the national territory; of that, 5.36% is concessioned for exploration and only 1.55% for exploitation. “The opportunities are on the table, welcome the investment,” he told the entrepreneurs.
The minister announced that in January 2022 the ownership of the mines will be regularized and those who obtained concessions irregularly will be sanctioned.
Regarding the oil sector, Bermeo mentioned that the Government plans to attract investments of $ 19,000 million through 7 projects, with the 6 blocks of the Intracampos 2 round it is intended to obtain $ 731 million and generate 1,500 jobs. All of this is planned for the first half of 2022.
In the event there will be 140 technical and master conferences, panel discussions and round tables, which can be followed through social networks. For next year Expominas is scheduled to take place between July 13 and 15, while Ecuador Oil & Power will be from October 24 to 26. (I)
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