Mariott International, The Luxury Collection, W Hotels and Ritz-Carlton Reserve, presented to Dominican Republic authorities their plans to develop luxury tourism projects in Puerto Plata.
From the statement of the Presidency of the Dominican Republic:
December 11th, 2018. A group of foreign investors met today with President Danilo Medina and expressed their interest in transforming the country's northern coast into a luxury tourism destination.
This year multinational plans to invest that amount in remodeling, maintenance, new units, electronic commerce, and logistics and distribution.
From a statement issued by Walmart of Mexico and Central America:
Mexico City, 10 March 2016.- In 2016 Walmart de Mexico and Central America will invest an estimated $14.700 million pesos ($866 million), 17% higher than the total amount invested last year.
The construction of the 13,000 square meters building in the department of León started in November 2015 and will be ready in October 2016.
The Paseo Real Mall in Leon, 93 kilometers from Managua, is being built on an area of 19 blocks at the site of the former Gurdián on Avenida Debayle. The project required an investment of $16 million and its opening is scheduled for October 15, announced Lytton Cano, general manager of Inversiones Plaza León S.A. to El Nuevo Diario.
In the third quarter private construction projects grew at an annual rate of 5%, driven by residential projects, which grew by 21%, while non-residential fell by 14%.
From the report "Construction with Private Destination" by the Central Bank of Costa Rica:
The quarterly index of construction activity which is for private consumption continues to show positive annual growth rates.
It has been announced that a corporate complex will be built as part of the Tuscania, a development project on the road to Puerto La Libertad, in the city of Zaragoza.
The office building is designed to complement the residential and commercial project now operating in the complex of Tuscania, which will require a total investment of $66 million. Elsalvador.com reports that "...
The project Parque Industrial del Caribe in Costa Rica, includes the construction of an industrial free zone measuring 41,000 m2, an 8,300 m2 office center and an 11 000 m2 shopping center, as well as Ofibodegas and a hotel.
The companies behind the project announced plans to begin construction of the Caribbean Industrial Park (PIC by its initials in Spanish) in the first quarter of 2016.
Port of Singapore Authority plans to invest $400 million in its container terminal in Rodman, to increase capacity by two million TEU's and accommodate vessels carrying up to 24 rows of containers.
The construction of two additional docks and installation of eight gantry cranes is expected to allow for "... accommodating vessels with up to 24 rows of containers." With this project the aim is to expand port capacity at the Pacific entrance to the Canal.
Annual growth registered in the last quarter of 2014 reflected an increase of in completed construction areas, mainly industrial, commercial, residential and service works buildings.
From a report issued by the Central Bank of Nicaragua "Performance of private construction":
Overall results of activity in completed construction areas
In the fourth quarter, completed construction areas recorded 38.5% growth (- 16.1% in 2013.
It has been announced that in October a 11 thousand square meter mall will open in the east of the capital containing 30 shops and 26 other spaces for medical offices.
The new shopping center called Cronos Plaza is being constructed in Pinares in Curridabat and is expected to be opened to the public in April 2016. Company representatives said they have already negotiated 70% of retail and medical spaces available.
An announcement has been made for the construction of a 66 thousand square meter mall containing 190 stores, called Alta Plaza in Panama City.
The Alta Plaza shopping center will be located at the intersection of the Northern Corridor and Via Centenario, and is expected to open its doors in September 2015.
Gabriel Diez P, a member of the board of Alta Plaza, told Anpanama.com that "...
A free zone, two hotel developments and a condominium estimated at $185 million and $30 million are part of the works that private entrepreneurs have planned for the province of Limon, in Costa Rica.
With the announcement of the construction of the container terminal at Moin and the extension of Route 32, investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.
The company aims to increase its market share in the country and plans to invest $80 million in the construction of a fuel storage facility.
The company is preparing to build its own infrastructure in order to increase its business in the Panamanian market. Besides the construction of the plant, Puma Energy is looking to venture into new lines of business, such as selling jet fuel and asphalt manufacturing and lubricants.
Construction has begun of a shopping center measuring 2 thousand square meters and containing 146 stores, located in the west of the capital, with an investment of $50 million.
The company Spectrum, in charge of developing the project, estimated that the Naranjo Mall shopping center will be ready in December 2015. This mall will be 27 thousand square meters of retail space and 1,600 parking spaces.
Over the next few months 17 local fast food and 'casual' restaurants will be opened as well as 35 cafes and 4 supermarkets.
Despite announcements of the closure of several companies in recent months, the commercial sector seems to have not stopped growing, with the coming months seeing the opening of 19 fashion stores, 6 appliance stores, 7 hotels, and 8 office complexes, among others.