Richard Branson: Venezuela is "a great opportunity" and entrepreneurship will be key to recovery
Virgin Group co-founder Richard Branson said Venezuela represents "an extraordinary opportunity" and that the entrepreneurial sector will be key to the country's recovery. He said he is evaluating investments as conditions that build confidence for foreign capital emerge, and that the process will depend on what happens in the next 18 months, including the holding of elections and the establishment of the rule of law. He mentioned air transport and tourism as areas of interest.
In 40 seconds
- Branson called Venezuela "an extraordinary opportunity" and tied possible investments to changes that build confidence for foreign capital.
- He said recovery will depend on what happens in the next 18 months, with elections and the rule of law as prior steps.
- He pointed to air transport and tourism as sectors with opportunities, and mentioned a possible Virgin Atlantic route and cruises to La Guaira.
Read the full story at Banca y Negocios
IASummary generated by artificial intelligence from a story by Banca y Negocios. It may contain errors: the original source prevails.
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