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Latin America Investment News on Viva Tropical

Panama Pacifico Expansion Remains Strong; Average 9 New Companies per Month

Article Summary:

Panama Pacifico expansion grows by approximately nine companies 9 per month, most recent additons Banco General, HSBC, and Pacific Beauty Gourmet Coffee. At present, over 120 international companies have their headquarters in the business complex.

Photo Credit: La Estrella

Original Article Text From La Estrella via Google Translate :

Economic Area Expansion

The expansion plans of Panama Pacific Special Economic Area remain well on track in 2012. At present, over 120 international companies have their headquarters in the business complex and according to his manager said Olmedo Alfaro, ’9 it is estimated that companies are setting up for the month, by multiplying by 12 months, we are talking about 100 companies to close with 200 in 2012, “he said.

By having technology companies’ forces us to train people and produce stamped Panama, “said Alfaro. Therefore, in March will begin the training center providing training to 7,000 people with an investment of $ 8 million.

The Agency Panama Pacific today opened two new warehouses, 11 534 thousand and 19 thousand 56 square meters, respectively. The first winery can be subdivided into spaces of 1,000 meters, while the second allows a minimum division of 2.600 meters. ‘The monthly rate of rent per square meter ranges from $ 8.50 to $ 8.95, “said Roberto Pereira, Head of Leasing Agency Trading. Among the features of the new wineries are multiple inputs and a height that reaches 12 meters.

The behalf of the companies that leased the premises have not been revealed due to the strict policy of confidentiality, however, some sources have claimed that during the first quarter of 2012, Banco General, HSBC, and Pacific Beauty Gourmet Coffee will be installed in the complex business. ‘Panama Pacific What it offers is very basic, tax exemptions by the government to companies in exchange for creating jobs, “said Alfaro.

Link to Original Article:

From La Estrella

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