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Latin America Investment News on Viva Tropical

Belize Export Processing Zone Site of New Mega Mall Investment

Article Summary:

United States-based DHS Holdings announced it will build a major commercial center at Belize’s Export Processing Zone located on the Belize-Mexico border, giving the region a major economic infusion.

Photo Credit: Belize Channel 5

Original Article Text From Channel 5 Belize via Google Translate :

Mega development set to begin near Belize/Mexico Border

A major announcement was made today that was picked up by US networks, such as MSNBC. A US company DHS holding is claiming that franchises such as McDonald’s and high end stores such as Abercrombie & Fitch and Nike will be opening in Belize.

The development is called Cenote Falls shopping Centre and is described as a world class and family friendly shopping experience. It is to be built on a forty acre parcel of land up north, through an Export Processing Zone.
The first phase will include negotiations with major retailers and restaurant chains. Charlie Barrett, President of DHS is quoted saying that “Mike Rohling, the company’s C.E.O., will be working to bring in retailers such as McDonald’s, Abercrombie & Fitch, Nike, and other fine stores.”

And according to Rohling’s research, nearly one hundred million dollars crosses the border from Belize into Mexico each year due to Belize citizens taking advantage of retail options not currently available in Belize.
The content of a letter from the Minister of Economic Development, Honorable Erwin Contreras is also referred to, promising incentives to the group for the investment. We were unsuccessful in reaching Contreras for comment on the announcement of the huge investment.

Link to Original Article:

From Channel 5 Belize

Latin America Investment News on Viva Tropical