$47 million to be invested in commercial complex in Peten, Guatemala

The Grupo Expansion Inmobiliaria will invest in a commercial complex called Munda Maya International Mall and in a residential project for retirees.

Tuesday, August 5, 2008

This will be the biggest investment ever to be made in the history of the Department of Peten. It should create more than 900 permanent jobs and revitalize the tourism industry (both at the national and international level); by providing more services, tourists will be more likely to extend their stay in the area.

More on this topic

Central America Competes for Baby Boomers

July 2013

Panama, Belize and Nicaragua are competing with Costa Rica and Mexico in trying to attract retirees from the U.S. and Canada.

All of these countries are offering residency packages and tax exemptions at rates similar to those granted by Costa Rica. For example, in Nicaragua there is a law which provides advantages for retirees on items ranging from cars to building materials.

Costa Rica Does Nothing to Attract Foreign Retirees

May 2013

Although the country has all the potential for attracting foreign retired people to be residents, the government effort begun three years ago has not had any continuity.

"There has never been a public institution interested in following through on the effort," laments Massimo Manzi, director of Promed.

Guatemala: $13 million Investment in shopping center

April 2012

Trinity Real Estate Corporation has invested $13 million in a new shopping center at a point of convergence for producers in southern Mexico and western Guatemala.

Coatepeque, with 125 thousand inhabitants, is now a major shopping destination, in which producers converge in southern Mexico and western Guatemala. Therefore, Trinity Real Estate Corporation has invested $13 million (Q100 million) in a new mall.

$4 million invested in Guatemalan Commercial Center

December 2008

Work on the expansion of the Miraflores Commercial Center will be completed by the end of 2009, and will provide 6 thousand square meters in commercial space.

Currently, there are 240 stores and there will be 25 more with this expansion.

During the construction of the works, it is estimated that it will generate 300 or 400 jobs, both directly and indirectly, and once completed there will be 250 permanent jobs.

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