Six companies Interested in Free Trade Zone in Tocumen

Schencker from Germany, Blue Logistic from Colombia and the Panamanian companies J Cain & Co. and Colon Import, and two groups who preferred to remain anonymous, have expressed interest in participating in the project.

Tuesday, December 13, 2016

Joseph Fidanque III, manager of Tocumen S.A., said that when they have the plans for the free zone, which it is estimated will be in about four months, they will call a tender for the construction of the work, which is part of a cargo logistics plan, and includes an investment in the long-term of $70 million. For the first phase they have already approved $15 million, part of which will be used for soil conditioning and roadworks.

Fidanque explained in an article in "...I do not want to give the award to someone who is coming here to speculate, without being aware of what will be developed on this site. I prefer to give the concession to logistics operators, who have a business operating logistically, Fidanque said after presenting the draft for a cargo logistics center to the Panama Logistic Business Council (COEL)."

"... 'Another aspect is that a large part of the business of the operators is international, mainly Latin America. The Panamanian market may represent about 15% of total distribution made from the free zone: "What we want is to add value in Panama's merchandise logistics chain: the merchandise boat comes in, arrives there (the free zone) and dispatches to Latin America'."

More on this topic

Progress in Free Zone in Tocumen

April 2017

An announcement has been made that in July the first licenses are expected to be granted to operate in the free zone which is being built in Tocumen and which will be ready within 18 months.

The general manager of Tocumen, Joseph Fidanque III, explained to that there are already twelve companies interested in settling in the free zone which is to be built in the vicinity to the airport grounds.

New Free Trade Zones Announced in Nicaragua

January 2017

Vice president Rosario Murillo gave details on 10 new projects to be executed in the next six months for free zones dedicated to different productive activities.

The 10 projects announced are:

1- Call Center in Managua DMF, 102 direct jobs, 2.7 million investment. 

The Potential of the Free Zone in Tocumen

June 2016

Ten companies have already shown interest in setting up in the logistics center to be developed in Tocumen, whose business plan and regulations for a free zone could be ready in September.

Among the activities that will be developed by the companies operating in the logistics park are packing and repacking, as well as product manufacturing and other complementary activities.

Free Zone Logistics Center in Tocumen

April 2016

In an area measuring ​​200 hectares the airport administration will develop a free zone for logistics companies, investing $30 million in the first stage.

The airport administrators said that "... the plans focus on adapting the 200 hectares that are part of the land area of the cargo terminal, transforming them mainly so that they can be developed by companies working in logistics services, storage of goods, assembly, high - tech companies related to aviation and airports, processing of finished or semi - finished products, specialized health services, among other things. "

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