El Coyol business park has received $100 million in investment in its first two years.
Two U.S. companies from the medical devices segment, St. Jude Medical and Moog, are building their production facilities in El Coyol Free Port in Costa Rica. These companies join other four factories already operating in the park. Since its inauguration in April 2007, 60.000 square meters have been occupied from 400.000 available, and 600 jobs have been created, while 2.000 positions would be added for 2010.
To lower the costs of their supplies, businesses in the Free Port zones of Costa Rica are expanding the productive chain to include local suppliers.
Nor the uncertainty of the status of the Free Port Zone Law, which is stuck in Congress, nor the impact of the global crisis that has caused exports at Costa Rican free port zones to fall 16% in the first quarter of 2009 have reduced the determination of these businesses. Furthermore, they have found a very good way to decrease costs by including local businesses in the chain of production.
In 2008 the Costa Rican medical devices sector will have exported $960 million and employed 7500 professionals and technicians.
These sales projections were made by Cinde based on data from the Foreign Trade Promoter. The $960 million in the sale of medical implements this year exceeded last years figure ($768 million) by $192 million.
The Chambers of Trade in Spain asked the government of Panama yesterday for an increase n the level of trade relations between the two countries.
The president of the Superior Council of the Spanish Chambers of Trade, Javier Gomez Navarro, praised the economic situation in Panama, highlighting the leadership of the country in the growth of Latin America, along with Peru, "and this encourages us to offer and request more relations with Spain."
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786
As a Holding Company we are interested in helping other companies to succeed. We do that by investing in other companies with capital and or professional help to allow them to grow in exchange for ownership.
Operates in Panama and Panama
Phone: (507) 7202158