Spanish SMEs Come to Panama

In recent years, some two hundred small and medium enterprises from Spain have started operations in the country.

Monday, June 25, 2012

The arrival of large consortia like Vallehermoso, which is building the third set of locks for the Panama Canal expansion and Astilleros Armón from the Principality of Asturias, responsible for building and delivering 14 tugs to the Panama Canal Authority, has brought with them as well the entry of small and medium sized Spanish firms.

"Another company that acts as a magnet for Spanish subcontractors is Fomento de Construcciones y Contratas (FCC), which together with the Brazilian company Norberto Odebrecht is building subway line 1 in Panama City.

The executive director of the Spanish Chamber of Commerce in Panama (Caespan), Maria Jesus Alonso Ros said that besides the well known companies like Telefónica, Sacyr, FCC and BBVA, the country is counting on small and medium enterprises (SMEs) in the construction, renewable energy, water treatment, tourism and technology sectors."

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