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"It is the largest investment in the history of Bogotá," said President Santos.

Both will receive a cash prize and technical support to help implement their winning ideas.

“Having Huawei right here in Medellin is not just something that happens every day. On the contrary, it is a vote of confidence in the city.”

After a series of fits and stops that threatened to derail a historic year, Colombia may finally be peace.

"Looking at the kinds of disasters in Colombia, I think systems like ours make a lot of sense," says Anand Anupam of Unified Messaging Systems.

"This agreement — renewed, adjusted, specified, and clarified — must unite us, not divide us," said President Juan Manuel Santos.

Giha replaces Gina Parody, who resigned last month after Colombians voted to reject the Santos administration's peace accord with FARC.

The mayor is seeking to raise up to $1.4 billion USD for new infrastructure, especially highways and a regional train.

"I meet with customers every week and it’s amazing. They don’t want to spend time or money — until something happens," said Jorge Hurtado of Absolute Software.

"The potential to grow in Colombia is immense," said President Santos.