COLOMBIA: Makro expands in Colombia, economic recovery underway
Increased investment in super-centres during 2001 shows that major food retailers are regaining confidence in Colombia's prospects for economic recovery. The Makro chain recently announced that it will invest US$5m in building a large store in Pereira. Construction of the store began on 17 January. It is being built on 20,000 cubic metres of land and the structure will measure 8,000 square meters. When in full operation, the store will create 150 direct jobs and another 300 to 350 indirect positions.
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