135 Firms Now in Panama Pacific

The amount of investment by companies that have begun operations in the former Howard military base, now Panama Pacific, is estimated at about $300 million.

Tuesday, July 24, 2012

An average of four companies per month are registering to operate in the area. The latest companies to arrive are BASF Panama, Kio Networks y Telered S.A.

"Olmedo Alfaro, manager of the Panama Pacific Agency (APP), the state agency that oversees the registration of companies in the area, said that in recent years they have streamlined the process of registration in the complex.

Alfaro also noted that the APP, which was created eight years ago, is investing in two training centers. The first will start operations in August and will have 12 simulators. The two centers represent an investment of $17 million", reported Prensa.com



More on this topic

Connection Between Panama Pacific and Centennial Bridge

July 2013

In two months a tender will be launched for construction of the first exchange for the connection between the old Centennial Bridge and the former Howard base.

Capital.com.pa reports: "The Panama Pacifico Agency (APP by its initials in Spanish), taking into account the importance of the work for connectivity in the country, has decided to obtain funding resources from London & Regional Panama (L & RP), the company that is developing the Master Plan for the former Howard military base," noted an article in Capital.com.pa.

Work for Foreigners in Panama

May 2012

Colombian, Venezuelan, Nicaraguan, Dominican and Spanish are among the nationalities of the immigrants who are coming to Panama to work.

Economic growth in Panama and the works of a series of large projects have raised the interest of foreigners who come to work in the country.

Companies Continue to Arrive at Howard

June 2011

BASF and Unilever are two of the companies that have recently joined the list of businesses that are operating in the Panama Pacific Special Economic Area.

Some 80 multinationals are currently operating in the Panama Pacific Special Economic Area (AEPP) and this figure is expected to continue rising, as is the number of new jobs.

Panamá Pacífico to Invest $345 Million in 5 Years

August 2010

In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.

Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.