The announced opening of a sales office in China is being urged by the business sector, which believes that the current policy to the second largest economy in the world is unsustainable.
Carlos Gonzalez, an analyst at the Association for Research and Social Studies (ASIES) believes that there is a delay on the part of Guatemala in trade between the two nations, because China has invaded the national market and it is necessary to have a presence in that large country.
Chinese investors have announced the possibility of opening of an office for the study of infrastructure development projects in the country.
From a press release from the Presidency of the Government of Honduras:
Representatives of the China Harbour Engineering Company Ltd (CHEC), met on Monday evening with President Pepe Lobo, to whom they showed their appreciation for the warm invitation to explore infrastructure development projects in the country and who expressed their interest in a portfolio of projects that are listed in the country.
An increase in the supply of offices in Panama City is putting downward pressure on occupancy levels.
According to the consultant Indesa, the occupancy level in the first quarter of 2011 was 95.4%, versus 86.5% for the same period this year.
Speaking about the topic, the Corporate Finance Director of Indesa, Francisco Escoffier, said that, "In the next couple of years it is not expected that the total demand for offices, including locally generated demand and the demand generated by the arrival of multinationals, will be enough to absorb new supply coming, so the available inventory will go up and occupancy will do down ... in the research occupancy means that there is physically one tenant in the property, which is a conservative definition. "
EPC Engineering will provide, from San Jose, design services for civil engineering and architecture projects by Santos CMI y POSCO E&C in Latin America.
A statement from the Ministry of Foreign Trade reads:
First services company founded on Korean capital arrives in Costa Rica.
- Investment to reach $3 million over the next four years and generate up to 200 new jobs in the same period.
Three six storey buildings make up the Sigma Business Center, to be inaugurated in April 2013.
The new office center in San Pedro has been built by the group that owns the San Pedro Mall.
The company spokesman, Guido Granados, said in an article on the website of El Financiero that, "Two of the buildings are to be used for class A office rentals in sizes that go from 160 square meters upwards.
The east of the capital of Costa Rica has become an important pillar for real estate development, and will receive $40 million in investment for a Class A office center
From the press release:
San Jose, Costa Rica, July 21, 2011 - 4D Real Estate Development has announced the start of works at TERRA Corporate Campus, a Class A office center located in one of the sectors of the city with the fastest growing economic dynamism.
Located in the west side of the capital, in areas of growing demand for office space, Escazú Corporate Center will be the first and most modern multipurpose complex in Costa Rica.
The start of construction of Escazú Corporate Center (ECC), a modern corporate tower of 20.400 m2 and eleven floors, gives birth to the first and most modern multipurpose complex in Costa Rica, working under the free zone regime, which makes the proposal more attractive.
The high security plastic cards manufacturer opens office to serve the entire region.
The group has more than 22 years of operation offering products to banks, industries and government agencies.
"They have had presence in our country for five years through its representative Continex, but last year decided to open a subsidiary which serves the entire isthmus from here." According to El Financiero´s web site.
Avalon, who develops management systems for retail companies, will start operating in April.
Luis Miguel Trujillo Cano, CEO of Avalon, told newspaper Prensalibre.com the company’s plans in Guatemala.
“Why did you choose Guatemala for the company headquarters?
Guatemala is very well connected with all the Central American countries, as well as with Mexico and Spain, countries in which we have support and commercial offices”.
The company is now assessing the feasibility of installing its 7th regional office either in Panama, Costa Rica or Puerto Rico.
Alexandre Hohagen, Google’s director for the region, made the announcement, adding that “we are analyzing this internally, to see which destination makes the most sense. I believe we will make our mind in a couple of weeks”.