The Greater Panama company announced it has set a December deadline to cancel the project.
The real estate project, developed by Panama Investment and Development Corp., located in La Chorrera, has not received final approval from the National Environmental Authority (ANAM) for its Environmental Impact Study.
The company threatened to abandon the project if permissions are not resolved by December, adding that these delays are the result of "revenge" by the Anam, whom the company accused of irregularities and corruption.