Investment in Free Zones in Nicaragua

The union of Private Free Zones plans to build five new business parks in 2014.

Friday, February 28, 2014

In 2014 the plan is to supercede the investment of $150 million which was made in 2013, with the implementation and establishment of new zones to boost the arrival of new businesses in sectors such Chontales where there is a new bridge over the San Juan river and the new Acoyapa-San Carlos road which is an export route for Puerto Limon, Costa Rica.

Other objectives are to "... expand the capacity of the ships in operation and attract investors in the fields of medicine and technology, these are the plans of the Nicaraguan Federation Chamber of Private Free Zones (FCNZFP), 2014.

The new President of the FCNZFP, Mario Zelaya, said, "We need more industries with technological components, we are placing out bets on assembly of appliances, and at some point on the assembly of cell phones and computers and the future of microchips and semiconductors in order to make a greater technological leap" as a country, says the entrepreneur.

People Walking is a new Spanish company which confirmed in February that it will establish itself in Nicaragua, and has as the basis of its operations developing computing products, especially high-tech software."

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More on this topic

More Industrial Parks in Nicaragua

July 2012

Trusting foreign investment to keep flowing, Nicaraguan private companies are building three industrial parks.

In addition, construction will start on two new parks in the next few weeks.

"The operators of free zones hope to double their investment of 500 million dollars in the 35 parks currently in operation, with a construction area of 1.50 million square meters.

More Investment in Nicaraguan Free Trade Zones

April 2012

The Nicaraguan Federation Chamber of Private Free Zones plans to install 15 companies in 6 new industrial parks within the country this year.

The secretary of the Nicaraguan Federation Chamber of Private Free Zones (FCNZFP in Spanish), Mario Zelaya, said the new industrial parks will be located in Niquinohomo, Masaya, Leon and El Viejo (all areas on the Pacific side).

Circuit Board Company Starts Operations in Costa Rica

August 2011

General Microcircuits has opened its new plant in Costa Rica, which required an investment of $2 million.

The company, which produces electronic integrated circuit boards, sited its 1,300 m2 plant in the BES zone in Alajuela, where it employs 20 people.

From there, General Microcircuits exports its production weekly to Mooresville, North Carolina, where the product is distributed to the company’s customers

20 new companies in Costa Rica free zones in 2009

December 2008

The Foreign Trade Promoter indicated that there are at least 20 companies in process to operate in the country in 2009.

The entity reported that in 2008 25 new companies were established in the free zones, at a total investment of $32 million. 17 of these companies were service-oriented, while the rest are dedicated to manufacturing exports products.

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