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Sector Profile: Agribusiness
The Government of Nicaragua has pledged its support to agriculture
diversification by promoting programs and reforms intended to foster
development and technology transfer, specifically in vegetable, fruit,
plant and ornamental flower production and processing areas.
Nicaragua has the largest amount of suitable farming land in Central
America, with 3.6 million hectares, of which less than 20% are under
cultivation. Sixty percent of the country's land is covered by forests.
These characteristics combined with a long tradition in agriculture,
abundant labor force and large water reserves for irrigation provide an
excellent investment opportunity in this sector. Sector Profile: Forestry
Nicaragua is a country with a great forestry potential. The
majority of the 12 million hectares of national territory, specifically
8.8 million hectares, or 73% of the national territory, is suitable for
forestry development.
Abundant and available land at a competitive price, a productive
labor force, skilled technical personnel and Nicaragua's strategic
geographic position relative to the international market are all
factors contributing to the allure of investing in the forestry sector. Sector Profile: Beef and Dairy
Dairy and meat products are among the strongest foreign currency
generating sectors of the Nicaraguan economy. Investing in the
production of meat and dairy products in Nicaragua is a great
opportunity due to the country's growing export market, abundant
natural resources, and lengthy history of cattle ranching and meat and
dairy production. Sector Profile: Aquaculture
Nicaragua offers cost-efficient opportunities for sustainable
fisheries through its continental platforms on both the Atlantic and
Pacific oceans, and abundant marine resources (fish, shrimp, lobster,
and other shellfish). Estuaries on the Pacific coast create ideal
conditions for shrimp and fish production and export.
This sector has an estimated annual export earning potential of US$
500 million and currently contributes over 6% of the country's exports.
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