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
Ingenieros Civiles Asociados (ICA), contractor and builder Grupo Los Pueblos developer of Punta Pacific Islands, will invest approximately $ 300 million.
Two artificial islands will be located between the grounds of the former Marcos A. Gelabert Airport and the ATLAPA Convention Center.
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 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.
Spectrum Real Estate presented its Alamedas de Santo Domingo project which will require a $ 26 million investment.
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