$3 Million Tourism Development Project in Panama Announced

Zcom Networks announced the acquisition of the Playa Paraíso Real Estate Development Project.

Wednesday, April 29, 2009

According to the press release issued by the company, the project will have 5 villas on the beach and 20 condominiums.
The total value is estimated at $ 1.5 million for the land and $2.5 million in construction, and it is hoped that it will generate sales of nearly $6 million, for a return on investment of 179%.

According to the company, "the positive side of the current state of the global economy is the existence of opportunities in undervalued assets such as Paraíso Beach."

More on this topic

Costa Rica: More Tourist Projects in Central Pacific

June 2015

A commercial and residential building and five apartment towers is what two companies plan to build in the form of a tourist resort in Punta Leona, on the Central Pacific coast.

Leumi Group has announced plans to build five apartment towers, both for holiday rentals and for sales.

Panama: Land Plots for Tourism Projects in Amador

April 2014

The government has authorized the sale of $4.6 million worth of land for real estate development in the Tourism Sector in Amador, Ancon.

From a statement issued by the President of Panama:

"By resolution 073-14, authorization is given for the sale of plot No 14 located in the Tourism Sector Amador, Ancon, district and province of Panama, at a cost of 4 million 645 thousand Balboas for tourism development, be it a hotel, mall or shopping plaza, restaurants or cafes and offices.

Gran luxury resort on Nicaraguan beach announced

October 2008

Grupo Mariana announced the construction of a residential and tourist complex with 1350 units in Nicaragua.

According to the company, the resort, called Seaside Mariana Spa & Golf Resort, will be located near San Rafael del Sur, one hour from Managua, and will have 1350 units spread over an area of 923 acres.

Tax incentives foster tourism development in Panama

August 2008

Law #8 promotes tourism activities in the country by offering tax relief on imports, real estate and capital investments, to name a few.

A report by the Panama Tourism Institute (IPAT) reveals that 12 investment projects totaling $92.5 million have been approved.
This will be the last year in which capital investment projects can benefit from Law 8, a measure designed to foster investment in the country's interior, Carl-Fredrik Nordström, Assistant Manager of IPAT, pointed out.

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