El Salvador is the region's second largest exporter of technology services

This year, companies such as Google, Data Trust, TeKnowledge and others have joined the country’s tech ecosystem, consolidating the government’s vision of making El Salvador a technology hub in Latin America.

Technology, which comprises phase II of the economic plan of the second five-year term of President Nayib Bukele, aims to attract more investment in this area that goes hand in hand with the generation of high-skilled jobs to continue improving the quality of life of Salvadorans.

This commitment means a boost for this thriving industry, which is currently positioned as the second largest exporter of technology services in the region, according to the executive director of the Salvadoran Chamber of Information Technology and Communications (Casatic), Mario Padilla.

“El Salvador is the second largest exporter of services in the region, we have grown, we have doubled all the services we export in recent years, and that is a sign of growth. We were the country that took the best advantage of the difficulty of the pandemic to resurface and become a reference”, said the executive.

In addition to this, Padilla also highlighted that “the digitalization of the State is also being a reference in the region in terms of the progress it has made, not only in digitalization, but also in the vision that through technology the country can move forward and stand out from others”.

In this sense, he assured that the private sector industries are also in the pursuit of digitization, and noted that this “will not only position El Salvador as a technology hub, but we will also further develop our industries”.

In recent months, the favorable investment climate and Salvadoran security has attracted the attention of large companies that have entrusted their investments in El Salvador, among them we have Google, Data Trust, and more recently Teknowledge, all large firms that come to strengthen the ecosystem that leads the country to the technological hub of Latin America.

“The vision of the Government, and of the President (Nayib Bukele), is to become a technological hub not only for the region, but for the world; and that vision is shared in the other institutions and organizations of the State, because it is the engine that is moving everything”, said Padilla.

For the Minister of Economy, María Luisa Hayem, this commitment of the Government is key to achieve an inclusive economic development of El Salvador. During the Concordia 2024 Summit, which took place this week in Miami, United States, the Minister detailed the actions the country is taking to implement this strategy.

The actions, he said, include the adoption of electronic platforms to streamline government services to individuals and companies; the promotion of the adoption of new technologies by companies to increase their productivity; and the strengthening of the innovative entrepreneurship ecosystem.

Source: Diario El Salvador