"Investment is still strong even in mining. Although there is greater emphasis on a stalled project, there are other projects that are growing such as Toromocho (Junin) of Chinalco and Quellaveco (Moquegua) in which Anglo American will invest US$3.3 billion," BCR’s President Julio Velarde stated.
In the energy sector, he highlighted the investment of thermoelectric power company Kallpa in the Mantaro Valley and said that the retail sector also showed great dynamism with investments in shopping centers in Lima and provinces.
"Industrial production, particularly manufacturing, has grown by more than mining in the last ten years because, as the market is growing so much, it needs to expand plants and therefore more investment is needed. However, mining and energy sectors remain the strongest," he said.
It should be noted that private investment recovered in the first quarter of this year and grew 13.7 percent.