Wages of $150 make Nicaragua a magnet for investments in the region seeking competitive costs.
The Nicaraguan economy is backing competitiveness through lower wages, giving it an advantage over its Central American neighbors.
Regarding the wages earned and the situation, Dean Garcia, executive director of the Nicaraguan Association of the Textile and Clothing Industry (Anitec) told Elnuevodiario.com.ni "...
An industrial park has been inaugurated with 55 thousand square meters dedicated to the production of textiles in the free zone Siglo XXI, in Niquinohomo, in the department of Masaya.
The $20 million investment will generate 4,500 jobs in industrial buildings that occupy 45 thousand square meters of the total area of the park.
Mario Blandon Zelaya, president of the Free Trade Zone Niquinohomo "Siglo XXI" and the Chamber of Free Zones of Nicaragua, told Elnuevodiario.com.ni that "... in this textile complex textiles will be developed that will be exported to the countries of that are part of the Free Trade Agreement with Central America and the Dominican Republic ."