COFIDES will accompany the INCLAM Group in its permanent establishment in Honduras. To this end, the INCLAM Group will provide $82,627 (€75,000) from its own resources through an ordinary loan. The total investment in the project will reach $118,000 (€108,000).
The funding provided by COFIDES will help the engineering firm consolidate its activities in Honduras, where it began operations in 2018 and has already executed two projects aimed at improving the population’s water supply. The INCLAM Group is currently in the process of submitting bids for new tenders and aspires to develop its project in the coming months.
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Honduras and its progress
Honduras has made significant progress in improving the population’s access to this resource, although water access challenges are expected to increase in the coming years. For this reason, an increase in investment in the sector, often supported by international agencies and multilateral entities, can be expected.
This project of improving the population’s water supply will contribute to the achievement of Sustainable Development Goal 6 (Clean water and sanitation) by improving various aspects of access to water, such as the construction of infrastructure or consulting services related to water management, as well as reducing inequalities in the country.
The Financial Director of the INCLAM Group, Eva de Andrés, emphasized that “the support for internationalization that COFIDES provides to expanding companies, such as INCLAM, for the establishment of its branch in Honduras, and the development of projects, will help the country to manage its challenges in the area of water and climate change.”
COFIDES President José Luis Curbelo stressed that “COFIDES is working to build financing with greater impact, and with this investment, we hope to promote the development of Honduras through the implementation of hydrological and hydraulic infrastructure that will improve the well-being and quality of life of the population.”
Water engineering and the INCLAM Group
The INCLAM Group is a Madrid-based SME with over 30 years’ experience in engineering activities related to water and climate change. As the company decided to continue its process of expansion, INCLAM decided to make the leap to the Alternative Stock Market (MAB), where it has been listed since July 2015.
The INCLAM Group was founded in 1986 and brings together a team of professionals from the private and public sectors, who are oriented towards traditional engineering in the water sector. It is the parent company of a business group with twelve subsidiaries. It began its international activity in 2000 with projects in Latin America and at the moment, has a permanent presence in Europe, Latin America, Africa, and Asia.
In just a few years the company converted into the leading hydrology and hydraulics consultant in Spain, working more or less entirely for public institutions in these spheres. So the company decided to expand its operations to Latin America, furthermore, offering turnkey projects for water treatment and hydraulic works.
As an engineering company, it develops four main lines of business: a consultancy specializing in hydrology and hydraulics with special emphasis on flood management; EPC or turnkey projects in water and building; consultancy linked to climate change mitigation and adaptation; and construction and project management. Technology has worked as a transversal value to all of them, developing artificial intelligence software solutions oriented to the efficient management of resources or flood warning systems.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Empresaexterior, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
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