$20 million Investment in Free Zone

In Costa Rica, plans are underway to invest around $20 million next year in the construction of 5 new buildings in the Coyol Free Zone, in Alajuela.

Wednesday, December 13, 2017

="ltr">Carlos Wong, director of Zona Franca Coyol, explained to Elfinancierocr.com that "... the free zone has 107 hectares in which there are 200,000 square meters (m²) of industrial buildings and another 200,000 m² to be built over the next seven years."

See also "Central America: $150 Million in Logistics Parks"

"... This complex started operations 10 years ago and houses companies such as Abbott, Apollo Endosurgery, Cardinal Health, Confluent, CooperSurgical, Establishment Labs, Smith & Nephew, Freudenberg, and Philips, among others."

More on this topic

Free Zone is Being Prepared

October 2018

The company responsible for building the logistics zone, that will operate under the free zone regime at Tocumen airport, expects to start in November.

The Mota-Engil Consortium, winner of the tender, has planned to begin in early November the work of land leveling, construction of access roads and installation of public services, for the development of about 20 logistics warehouses.

The Potential of the Free Zone in Tocumen

June 2016

Ten companies have already shown interest in setting up in the logistics center to be developed in Tocumen, whose business plan and regulations for a free zone could be ready in September.

Among the activities that will be developed by the companies operating in the logistics park are packing and repacking, as well as product manufacturing and other complementary activities.

Panama Pacific Celebrates Seven Successful Years

March 2015

The concessionaire London & Regional Panama has a higher rate of investment than it promised the Panamanian government when it won the contract.  

At the end of 2014 the company had invested $430 million, which is $25 million more than it had agreed to invest up to 2016. Despite this, representatives of London & Regional Panama argue that the amount of bureaucracy has been one of the obstacles limiting growth of the area.

More Logistics Parks in the Pacific

May 2012

International experts say that Panama needs more logistics parks on the Pacific coast in order to fully exploit all the country's advantages.

Given its excellent maritime infrastructure, Panama could get more growth in the logistics industry if it had logistics parks near ports in the Pacific, said Casey Chroust, senior vice president of operations for the Retail Industry Leaders Association (RILA), an association of the major U.S. retailers.

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