Industry: New Developments in Free Zone

In order to house companies that are about to start operations or for companies that need to expand their operations in Coyol Free Zone, the Costa Rican industrial complex is building new infrastructure for an area equivalent to 67,347 square meters.

Thursday, August 27, 2020

According to information disseminated by the industrial park located in Alajuela, Costa Rica, 17,725 square meters are currently being built, corresponding to new expansion processes of companies already installed and requiring more physical space to operate.

Check out CentralAmericaData's "Feasibility Studies of Real Estate Projects". reviews that "... Additionally, the free zone is working on the construction of a multi-tenant building that will have a 9,000 m2 size to house the operation of 3 companies whose names are still in reserve."

CooperSurgical, Medtronic, Coopervision and Smith&Nephew, are other companies that have expanded their capacity, for which 29,622 m2 have been built in new industrial spaces.

Carlos Wong, Director of Coyol Free Zone, explained that "... The dynamism that Coyol Free Zone gives to the Life Sciences sector is an example of the predominant role that it has and that medical device exports will continue to have in the world, today more than ever its contribution to science and human health is valued and without a doubt, this pandemic reinforces the importance of the sector for Costa Rica."

Reports from CentralAmericaData state that during 2019, 56 environmental impact studies were presented in Central American countries for the construction of industrial plants, and Costa Rica concentrated 58% of the estimated investment.

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More on this topic

Textiles: $20 Million Investment in Manufacturing Plant

July 2020

Proquinal Costa Rica announced that it will reinvest $20 million in its coated fabric manufacturing plant, which is located in Spradling Free Zone Park in Coyol de Alajuela.

This reinvestment will allow the implementation of a new process within the plant that will increase its export capacity.

Industrial Parks: New Investment Announced

January 2020

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.

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.

What Threats Are Facing Industrial Parks?

July 2019

Although in Costa Rica the level of unemployment of buildings in industrial parks is 8%, some precincts are facing threats, since companies could leave them because of the traffic congestion in the area where they are located and the travel time of employees.

For Colliers, other threats faced by industrial parks in the country to have their facilities unoccupied are that companies have several sites for the separation of their processes and competition for human resources. 

$20 million Investment in Free Zone

December 2017

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.

Carlos Wong, director of Zona Franca Coyol, explained to 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."

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