In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa.
The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed.
The second project was authorized in Guatemala to install a Special Public Economic Development Zone, which will require an initial investment of $16 million and will be located in Pajapita, department of San Marcos.
"Puerta del Istmo" is the name of the industrial park, which will be on a 160-hectare site and will house industrial and logistics companies.
In Guatemala, the first project to install a Special Public Economic Development Zone was approved, which will require a $14 million investment and will be on the Highway to Puerto Quetzal, Escuintla.
The name of the industrial park, which will be on a 150-hectare site and will house industrial, commercial and service sector companies, is "Michatoya Pacífico" and will require an initial investment of $13.8 million.
The law, still pending approval, enables the creation of Special Economic Zones (ZEE) in any department of the country.
Special Economic Zones (ZEE) are different from Free Zones. The latter are managed by the private sector, whilst the location of ZEEs is determined by the Government.
César Ortiz, president of Industry and Commerce Free Zone, told newspaper Siglo XXI: "As there is no general regulation, the employees will present one tomorrow to their board".
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