Machinery Sales: Optimism in Panama

Businessmen dedicated to the commercialization of machines and heavy equipment expect that between the end of 2020 and the beginning of 2021 sales will begin to recover, derived from the mega-projects that will be executed in the country.

Thursday, February 6, 2020

The public infrastructure projects that are close to being developed and that have generated expectations among the sector's businessmen are the construction of the fourth bridge over the Panama Canal and Line 3 of the Panama Metro.

See "Fourth Bridge over the Canal Approved" and "Line 3: Award Confirmed in Panama"

Adolfo Icaza, president of the Association of Machinery Distributors (Adimaq), told that "... the sector's projections are positive, as 2020 is presented as a stable year with growth projections for 2021."

Also see "Which companies supply machinery in Central America"

Icaza recommended the "... Government not to invest directly in the purchase of equipment. The State is not a good administrator, the last government bought a significant number of equipment which generates high maintenance costs because they are not used efficiently."

According to the businessman, the most convenient thing is that the private sector buys this equipment to be used in state projects.

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Machinery: International Event in Panama

January 2020

From February 5 to 7, the event called "Expo Machine 2020" will take place in the country's capital, where several types of machines, equipment, products and services from the construction, industrial, logistics, maritime, mining and agricultural sectors will be offered.

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Economic Recovery May Be Delayed

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Although Panamanian businessmen recognize that in the first months of the Cortizo administration there have been advances that could improve the performance of the local economy, it is predicted that the reactivation could take longer than expected.

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