$3.534 million for tourism projects in Panama

In 2008 the Panama Tourism Authority approved 96 tourism projects that will generate 15,000 direct jobs.

Thursday, January 8, 2009

According to pa-digital.com.pa "These projects were received before August 30, 2008, the final date established by law to hand in the documents and up to December 31 2008 for them to be reviewed and approved, in order to benefit from the fiscal incentives granted by Law 58 (28 December 2006), which promotes tourism development in the country.

More on this topic

$45 million for Two Tourism Projects in El Salvador

March 2009

Two tourism projects, one on the beach and another on the mountains, are being built in Chalatenango and Usulután.

The projects have a total investment of $45 million and are being developed by entrepreneur Jose Ramon Barahona from El Salvador along with US investors. They consist of a golf and fishing club in Usulután and a mountain tourism project in Chalatenango which would begin to operate in late 2010 or early 2011.

Panama: $ 138 Million in Tourism Investment Projects

October 2010

The Tourism Authority has received $ 138 million in requests for investment as of last October.

According to the Tourism Authority these are viable projects, 16 are to be build in the province of Panama, 7 in the province of Chiriqui, 5 in Veraguas and 3 in Los Santos.

According to Prensa.com "Also, we have registered 29 travel agencies between January and October representing a $ 576,000 investment.

Second Stage of Los Micos Beach Starts

September 2011

With the first payout of a $15.9 million from a syndicated loan worth $24 million, construction of the second stage of the tourism project in Honduras will begin.

The banks, Ficohsa, BAC Honduras, Ficensa, Rural Development Bank in Guatemala and Panama's Banco Pichincha had already approved a syndicated loan of $24 million to finance the tourism project.

Nicaragua: Bureaucracy Slows Tourism Investments

August 2015

Employers claim that at least six projects have been delayed pending analysis by the Board of Tourism Incentives, which has not been in session since the departure of its president two months ago.

There are at least six investment projects in the tourism sector that should have been analyzed by the Board of Tourism Incentives, which, drowning in bureaucracy, is unable to hold sesion because a new president has not been formally chosen.

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