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Grupo Aval analyzes regional development in energy, tourism, infrastructure, and education: 'We are betting on the Valle
๐Ÿ‡จ๐Ÿ‡ด Colombia /Energy & Infrastructure

Grupo Aval analyzes regional development in energy, tourism, infrastructure, and education: 'We are betting on the Valle, on Cali and the west of the country'

From El Tiempo · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

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  • Grupo Aval, a financial group, is optimistic about the economic outlook for Colombia's Valle del Cauca region despite past difficulties.
  • The group has significant investments and operations in strategic sectors like energy, tourism, infrastructure, and education within the region.
  • These investments, totaling over 245 billion pesos in the last decade for energy alone, aim to strengthen regional development and community programs.

Grupo Aval, a major Colombian financial conglomerate, expressed optimism about the Valle del Cauca region's economic prospects during its national tour, ADN Aval, held in Cali. Despite challenges stemming from the pandemic and social unrest, the region is showing positive economic indicators, according to bank presidents within the group.

Juan Carlos Echeverry, president of Banco de Bogotรก, highlighted Grupo Aval's substantial presence in Valle del Cauca, employing 5,781 people across 138 offices and 417 ATMs. The group's involvement extends beyond finance into key development sectors. These include energy, through Gases de Occidente and Transoccidente, which supply natural gas to over 1.4 million users in 39 municipalities, with investments exceeding 245 billion pesos in the last 10 years. The group also supports community programs focused on capacity building, employment, productivity, and environmental care.

In tourism, Grupo Aval is represented by the Hotel Intercontinental Cali, a historic establishment with over five decades of service, 295 rooms, and 218 employees. The hotel remains a national reference point and a symbol of Cali. For infrastructure, Corficolombiana plays a significant role in the region's road development via PISA, managing 80 kilometers of roadways.

Furthermore, Grupo Aval is investing in education through Proindesa, which will structure an educational project in Riofrรญo using the 'Works for Taxes' mechanism. This multifaceted engagement underscores the group's commitment to the comprehensive development of Valle del Cauca and western Colombia.

We are betting on the Valle, on Cali and the west of the country.

โ€” Juan Carlos EcheverryJuan Carlos Echeverry, president of Banco de Bogotรก, stated the group's commitment to the region during the ADN Aval meeting in Cali.
DistantNews Editorial

Originally published by El Tiempo in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.