$100 million investment for Panama Pacific coast

In the next four years Fort Amador Resort & Marina is planning to invest in the construction of a dock and terminal for cruise and other ships.

Thursday, January 8, 2009

According to prensa.com "The dock, which will cost $8 million, will suitable to serve as the home port for cruise ships, said Carlos Tunon, general manager of Fort Amador Resort & Marina, the concessionaire of Flamenco island on the Panamanian Pacific coast.

Within the next 8 months, the Amador marina will increase from the current 157 piers to 260. "The number of docks for mega-yachts will also increase from 4 to 6," said Tunon.

More on this topic

Panama: Flamenco Marina Expands

May 2009

With an investment of $1.5 million, Fuerte Amador Flamenco Marina will go from 160 to 260 dock posts in 2010.

The Marina is currently at 100% capacity because 120 of the 160 floating dock posts are permanently for the local clientele and the remaining 40 are for yachts in transit.

Tax Exemptions for Nautical Tourism

February 2012

The proposed new Panama Tourism Act includes incentives for the construction of maritime infrastructure and activities related to nautical tourism.

"If the new tourism legislation is approved, companies making a minimum investment of $10 million in construction, equipment and cruise port administration will be entitled to a total exemption for five years on import duties for input materials for the construction of marine infrastructure," reports Prensa.com.

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Hacienda Pinilla

Hacienda Pinilla, the design of this project allows the residents to live comfortably amidst the abundant natural and cultural richness of the Costa Rican Pacific Coast in the Province of Guanacaste.
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