$8 million Contract for Ibero-American Summit

Panama's Foreign Minister has announced the completion of a "luxury summit" for Latin American leaders in the month of October.

Thursday, August 8, 2013

Festieventos SA will be the company responsible for the organization of the XXIII Latin American Summit of Heads of State and Government to be held in Panama on the 18th and 19th of October.

This was the only company that participated in the bidding process conducted by the Ministry of Foreign Affairs of Panama.

For organizing the event Festieventos SA will receive $802,500 in fees.

"... The cost of services to be outsourced, corresponding to the organization of the summit, according to the requirements set forth, will be $7.2 million," reported Prensa.com.

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