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Latin America Investment News on Viva Tropical

Here Is a Method That is Growing Commerce in Belize

Article Summary:

Belize is expected to create a new Free Zone of Belize on its border with Mexico. With an investment of $200 million the first phase will consist of luxury shops, a casino and 5 star hotel combo, and a convention center and is expected to be ready by the middle of 2013.

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Original Article Text From ChatuMail via Google Translate :

Cast New Free Zone in Belize

As part of the projections of international investment in this part of Quintana Roo border with Belize is expected to create a new Free Zone of Belize, in addition to the current, where they will have a total investment of 200 million dollars where they will have 80 stores in 40 hectares that will be at the foot of the new bridge Border between Mexico and Belize . This was confirmed by the consul honorary status in neighboring Valencia Jorge Gomez. The first phase of this new tax haven that conglomerará luxury shops, casino and 5 star hotel, and a convention center, will be ready by the middle of this year.

The project, told the honorary consul of Belize in Quintana Roo, investors bet U.S. and 100 percent in its first phase will be 80 million and is projected to be 200 million by the end.

They will be more than 80 establishments that will be in the first stage of this new Belize Free Zone will only reputed brands like: Armani , Gucci , Hugo Boss , among others.

Gomez also said that Valencia will have the option of a luxury hotel with a casino at the same level, similar to what you have in Las Vegas , Nevada .

This project, he said, has as main objective to attract a new market of buyers, tourists and investors with a much greater purchasing power.

He denied that this new Belize Free Zone is the competition which was founded in 1994 and which have generated over 265 establishments, which currently operate.

The honorary consul said it will be a new option for those who come to this part of the Yucatan peninsula and where not only be accessible items for the public money that is buying in the current Free Zone, but also have the option of Free Zone VIP .

He said he is still making adjustments to different legal requirements and tariffs, environmental certifications and agreements with the various business sectors, who have objected at first, but they consider vital to remain in place in a more competitive world market.

He considered that this creation of a new Free Zone greatest luxury, leave significant benefits in both tourism and economic benefit for the city of Chetumal in Quintana Roo .

Be emphasized that 40 hectares which will address this new Belize Free Zone and will be at the foot of the new border bridge Chactemal 2 , where it was initially expected investment of $ 80 million (purchase of land, creation of master plans, projections and environmental certifications).

The above procedures will have to be ready for the end of January this year as it is expected to start in February with the clean land.

And it would be to early 2014 when making the opening of this new VIP Free Zone, which saw the consul will give a new look for this part border for both countries, with binational agreements that have been generated for certainty and security tourism promotion.

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