Nicaragua: Informality Affecting Tourism InvestmentsLack of control of unofficial businesses that are setting up on the coasts is preventing further development in areas with high tourism potential such as San Juan del Sur.Tuesday, August 2, 2016
The business community argues that the Law for the Development of Coastal and Environmental Conservation is not being complied with, as unofficial businesses such as restaurants and hotels are being allowed to set up on the coasts. About "... $150 million in investments in tourism could be delayed due to the inadequate location of some businesses in coastal areas in the municipality of San Juan del Sur." Source: elnuevodiario.com.ni Are you interested in construction projects in Central America? Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization. Request more information: Need assistance? Contact us
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Nicaragua Wants Costa Rica's TourismJanuary 2017 Tourism entrepreneurs have suggested setting up a border post in El Naranjo in order to encourage the arrival of international tourists coming from Guanacaste, Costa Rica. Nicaragua: Very Poor Touristic CampaignAugust 2015 In light of the announcement of a campaign to promote tourism in Nicaragua "through embassies and consulates," entrepreneurs are recommending the utilization of professional methods. Nicaragua: Coastal Highway Will Not Be BuiltAugust 2013 There are no state resources for the 131 miles of road on the Pacific coast, which would be a key factor for tourism development in the area. Delay in Nicaraguan law puts US$1 billion of tourist projects on holdMay 2008 More than 60 Nicaraguan tourism projects valued at a total of some US$1 billion are on hold because Congress has failed to agree on a law to protect investments on the nation's coasts.
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