As of the beginning of 2018, metals prices continue to grow, which provide a foundation for increased investment in the mining industry in the country that is among the largest producers of copper, silver and zinc in the world. Peru’s mining industry is very diverse ranging from sophisticated operations to very primitive and mining operations are carried out in numerous underground as well as open-pit mines. The industry account for more than 50% of Peruvian exports and investments in the sectors is expected to grow with 12% in 2018 as mining expansion is set to continue.
Public-Private Partnerships is the most prevalent setup for new infrastructure investments and development in Latin America and Peru is not the exception. Peru faces an infrastructural gap, which the new government plan to reduce with its USD 8.9 Billion plan that include more than 40 projects in the portfolio for 2017-2018. This plan includes the construction of 7,500 km of roads and 46,000 houses, ports and airports among other national projects. Specifically in transport infrastructure, there is a national reconstruction plan after a recent major flood, which is expected to boost investment and growth in the infrastructure sector by 6.4% in 2018.
Peru’s energy sector is forecasted to continue on its steep growth path in the coming years, in part due to the demands of the energy intensive mining sector. The project pipeline is extensive, especially for projects in hydro- and thermal power. Furthermore, the Peruvian government is investing in developing the distribution and transmission infrastructure in rural areas of the country. The country lags behind the development in non-conventional renewables and it was only a few years ago the first wind power farms became operational.
Peru has made a concentrated effort to broaden healthcare coverage to remote regions throughout the country. The country has implemented National Healthcare Plans, which cover various focus areas such as; nutrition, maternal and neonatal, HIV-AIDS prevention, cancer control and prevention, reduction of mortality caused by emergencies, and mental health. The introduction of transparency measures facilitates the competitive environment in the tender processes related to these national plans, which have proven to offer broad opportunities for international pharmaceutical and healthcare providers. Peru’s rapid economic growth is also translating into higher out-of-pocket spending on medicines and increased demand for advanced treatments.
Peru has a solid agricultural market in terms of factors related to production, such as; extensive arable lands, favorable climate and an increasingly skilled workforce. Demand is also increasing within the country as consumption is forecasted to keep increasing due to sustained economic growth. Peru is well known for its organic and specialty crops, being the leading exporter of organic coffee and the second in organic cocoa. Peru is increasingly making use of the Internet of Things and Big Data applications for the agribusiness sector as the industry is becoming increasingly advanced.