$47 million to be invested in commercial complex in Peten, Guatemala
The Grupo Expansion Inmobiliaria will invest in a commercial complex called Munda Maya International Mall and in a residential project for retirees.
Tuesday, August 5, 2008
This will be the biggest investment ever to be made in the history of the Department of Peten. It should create more than 900 permanent jobs and revitalize the tourism industry (both at the national and international level); by providing more services, tourists will be more likely to extend their stay in the area.
Trinity Real Estate Corporation has invested $13 million in a new shopping center at a point of convergence for producers in southern Mexico and western Guatemala.
Although the country has all the potential for attracting foreign retired people to be residents, the government effort begun three years ago has not had any continuity.
Panama, Belize and Nicaragua are competing with Costa Rica and Mexico in trying to attract retirees from the U.S. and Canada.
Work on the expansion of the Miraflores Commercial Center will be completed by the end of 2009, and will provide 6 thousand square meters in commercial space.
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