Industrial Parks: New Investment Announced

Code Development Group announced that it plans to build a new free zone in Grecia de Alajuela, Costa Rica, which would house companies in the high technology sector.

Friday, January 24, 2020

Directors of Code Development Group, who are also part of the group of partners of the Free Zone of Coyol, reported that the new business park would be named "Code" and that the project already has the endorsement of the municipality of Greece.

Learn more about CentralAmericaData's "Real Estate Project Feasibility Studies."

The new industrial complex will be set up on a 100-hectare site on the road from San José to San Ramón, near the Rosales River. The park would create some 20,000 new jobs within 15 years.

Carlos Wong, manager of the Coyol Free Zone, told Nacion.com that "... We chose the West because it has the human talent we need to compete with other regions of the world. In addition, Greece offers us a sustainable, modern community that is close to the other cantons in the region."

You may be interested in "What Threats Are Facing Industrial Parks?"

The article adds that "... In Greece, two business parks are already operating under the free zone regime: Parque Activa, which has been operating for just over six months, and Green Valley, which is still in the construction phase, according to Minor Molina, the mayor of Greece."

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