Opamss releases $1.339 billion in private investment projects

Together with OMR, it is already working to make investments more efficient, improving response times.

The Planning Office of the Metropolitan Area of San Salvador (Opamss) has released $1,339 million in private investment projects that were shelved and that are or will be executed in the Metropolitan Area of San Salvador (AMSS), in housing, commercial and industrial areas.

The executive director of Coamss/Opamss, Luis Rodríguez, said that this amount in private investment for projects has been released in the last four months “to facilitate and promote investment in the country, especially in the construction sector”.

Opamss -reiterated its executive director-, now with the incorporation of the municipalities of La Libertad Este and La Libertad Costa, projects an investment of more than $7.8 billion in the current five-year period.

The two new municipalities recently incorporated to Coamss/Opamss will allow the establishment of a commercial and logistic corridor that will facilitate the use of all the potential of the southern part of the AMSS, linked to Surf City Phase I.

UN Tourism has said that El Salvador is one of the three countries in the world with more attractions for tourists and the number one in the American continent.

Rodriguez added that Coamss/Opamss and the Regulatory Improvement Agency (OMR) are working to make investments more efficient, improving the response times of the procedures.

“More efficient investments. We are about to enter our phase II in optimizing our new processes,” the official wrote on X.

Coamss/Opamss and OMR are currently working on reviewing “the last details to start pilot tests. The big goal here is to improve our response times by up to 60%,” Rodriguez announced on the social network.

Source: Diario El Salvador