Brazilian constructor sets up in business in Nicaragua
Brazilian construction company Queiroz Galvao has gone into business in Nicaragua.
Tuesday, May 20, 2008
From offices in Managua, Queiroz Galvao is seeking strategic alliances to develop a number of projects.
The Brazilian consortium UPD, composed of Queiroz Galvao and Andritz Hydro Inepar, has been awarded the contract for $189 million.
The hospitality, security and the range of tourist attractions in the west of the country has piqued the interest of more than 20 investors from Europe, the United States and Central America who participated in the Tourism Forum called "Invest in Nicaragua: Explore New Horizons!"
The mining company Hemco is diversifying its activities and investing $138 million in hydropower, forestry and call centers in Bonanza on the Nicaraguan Atlantic.
They include the modernization and expansion of the International Airport of El Salvador, the concession for Port of La Union, and the generation of 350 MW of energy, among other things.
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