Panama awaits more than US$20 billion in investment
Panama can look forward to more than US$20 billion in public and private-sector investment over the next two years, economist Guillermo Chapman said at a business forum organized by the Indesa consultancy.
Tuesday, July 8, 2008
"This figure does not include the development of Howard [the former US base] or real-estate investment in other areas," Chapman added. If current trends in the macroeconomy are maintained, Panama can look forward to practically full employment, he said.
Sustained growth of the economies of both countries is the starting point of a growing interest from entrepreneurs and investors.
In the northwest of the city construction will take place of Ciudad Maya, a luxury residential complex which integrates a commercial area, a corporate area, an apartment building, and other recreational areas.
The UN’s World Tourism Barometer report showed that tourist figures for the region increased by 10.3% in 2007, one of the highest year-on-year improvements across the globe.
The phenomenon is concentrated on the Pacific coast in Guanacaste with buyers mainly being foreigners and locals from the upper middle class.
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