Tenders for Tourism Development in Sherman

The Panamanian government will announce in the coming weeks a tender for several tourist developments in the area.

Thursday, January 19, 2012

The executive secretary of the Management Unit for Reverted Property (UABR in Spanish), Juan Carlos Orillac said they have already completed a development plan for the area prepared by the Spanish consulting firm C4T .

"The exploitation of the beautiful beaches of Sherman offers the industry, the chance to construct of six ecotourism hotels, yacht marinas, cultural centers, eight housing cores and recreation centers.

Regarding Amador, Spanish consultants have already submitted the preliminary draft, and in the coming weeks and will present their final report on the updating of the Tourism Development Plan prepared in 1996, said Orillac."

More on this topic

New Development Plans for Panama West

June 2015

The growth experienced in the area has led to the Unit of Reverted Properties to postpone the sale of lots in Amador and Sherman in order to update development plans anticipated in that area.

It's not just the projected fourth bridge over the canal and the convention center being built in Amador, but also the future Metro Line 3, which connects the east of the city with the districts of Arraijan, Capira, Chame, La Chorrera and San Carlos.

Honduras: $42 million in Real Estate Investments

March 2014

Development Groups are preparing to build four new high rise luxury apartment buildings in the northwest area of ​​San Pedro Sula.

Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .

Panama: Sherman Land For Sale

December 2012

The government has not received any proposals from a single buyer, so the 144 acres of the former military base will be split up for sale separately.

The subdivisions of Sherman will be available to buyers for the tourism development, in which, according to a study by C4T, investments could be made of up to $180 million.

Panamanian Tourist Offensive Begins

January 2012

The government has launched an aggressive plan to promote investments in two areas of most interest to tourism: the former U.S. base in Sherman, in the Caribbean, and Amador, on the banks of the Canal on the Pacific side.

Authorities in Panama have set in motion an ambitious plan to attract investment in two areas of most interest to tourism: the old Sherman U.S.

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