Panama is the main destination for Spanish investors
Panama is the main receptor of Spanish investments in Central America and projections indicate that this will continue to increase.
Tuesday, September 2, 2008
Panama has not escaped the expansion of Spanish capital. Based on figures provided by the Official Spanish Chamber of Commerce in Panama, investments have surpassed $317 million, and are headed by Unión FENOSA, Telefónica and the BBVA.
"Panama is the main destination for German investments in Central America," said Ubertus Legge, economic adviser at the German Embassy in Panama.
Several companies have shown interest in investing in the former military base in Sherman, Colon.
On a recent visit the Development Director of Qatar expressed his country's interest in investing in Panama.
French companies have invested over $700 million so far, and the figure could reach over $2 billion.
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