Economic Development Zones: Projects Move Forward

Puerta del Istmo, Centro Logístico Quetzal and ZDEEP Piedras Negras, are the projects advancing in Guatemala in the process of becoming Zones of Special Public Economic Development.

Tuesday, July 9, 2019

After the Santo Tomás de Castilla Free Trade and Industry Zone (Zolic) approved in April the first Special Public Economic Development Zone (ZDEEP) called "Michatoya Pacifico", which is on the Puerto Quetzal, Escuintla Highway, there are three other projects that have begun the process to establish.

One of the projects is Puerta del Istmo, which plans to be installed in Pajapita, San Marcos. In this ZDEEP it is planned that two companies operate, one dedicated to the manufacture of diapers and the other focused on commercial activities.

You may be interested in "Regulations for Collection in Development Areas

Regarding the process in which Puerta del Istmo is, Fredy Palma, manager of Zolic, explained to Prensalibre.com that "... the company has already presented its file to Zolic but it was returned to the company to correct some errors of form, based on Article 10 of the regulation."

The article states that "... interest has been shown in promoting the project called Centro Logístico Quetzal, which will be located at kilometer 98 on the road to Puerto Quetzal. In this case we are working on the studies and we are following up in order for them to present their request."

ZDEEP Piedras Negras, is another project that would be installed in the village of Santo Tomás de Castilla, in Puerto Barrios, Izabal. According to representatives of Zolic, in this case has not made an official request to begin the approval process, however, there are already approaches on the part of the company.

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