Panama: $ 300 million Ocean Reef Islands Project

With the presence of President Ricardo Martinelli the Ocean Reef Islands project was launched.

Thursday, October 14, 2010


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Ingenieros Civiles Asociados (ICA), contractor and builder Grupo Los Pueblos developer of Punta Pacific Islands, will invest approximately $ 300 million.

Martinelli considered this project visionary as the investment is purely Panamanian capital (approximately $ 300 million) and allows to project confidence to other investors, domestic and foreign, to continue to position Panama as a nation with first world infrastructure.

More on this topic

Filling of Artificial Panamanian Islands Begins

April 2009

Two artificial islands will be located between the grounds of the former Marcos A. Gelabert Airport and the ATLAPA Convention Center.

The project, which was awarded to the ICA-Panama company, is part of a contract signed with the State in 1996 to "design, build, maintain and operate the expressway, which also included the transfer of 29.5 acres of the then Marcos Gelabert de Paitilla Airport," according to an Article in Pa-digital.com.

ICA to build artificial islands in Panama

May 2008

ICA Panamá, the local unit of Mexico's leading constructor ICA, is planning the US$140 million development of two artificial islands off Punta Pacífica.

The project will require 4 million cubic meters of infill, equivalent to two of the Egyptian pyramids, said Diego Hernández, chief executive of ICA Panamá.

Housing Construction in Nicaragua

January 2013

The Chamber of Builders and the government are working together to achieve the funding necessary to reach the target of 10,000 new homes every year.

Laprensa.com.ni reports that "After fulfilling the goal of building 4,000 houses and delivering them in 2012, the goal is to raise the annual figure by a thousand houses.

New Real Estate Project in Guatemala

March 2011

Spectrum Real Estate presented its Alamedas de Santo Domingo project which will require a $ 26 million investment.

The project comprises the construction of 396 houses with six different designs, located at km 30.5 of the highway to El Salvador.

Rodolfo Fajardo, sales manager, told Siglo21.com.gt that housing "... will be for families with income greater than $ 2 thousand and prices will range from $ 92.000 to $ 116,000."

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