In the first quarter of 2013 a decline was registered in the construction sector reflected by lower cement consumption and lower volumes of construction loans.
A report by the Salvadoran Chamber of Construction (Casalco) reveals that during this period, 9,017 bags of cement weighing 42.5 kilograms were consumed, a figure which represents a decrease of 7% compared to the amount consumed in the same period in 2012.
During the fair is estimated that deals will be made for over $250 million, and that there will be participation by companies from the USA, Canada, Spain and other European countries.
CAPAC Expo Habitat 2013 is the International Construction and Housing Fair organized every year by the Panamanian Chamber of Construction (CAPAC).
This fair will be held from 11 to 15 September at the Atlapa Convention Center Panama, Panama City.
The company Urbánica Desarrollos Inmobiliarios plans to develop an residential project, known as Portal Canarias in a 15.7 hectare area in El Espino.
The project, which includes four residential condominiums, will generate about five thousand jobs both direct and indirect, said Alvaro Barraza, Commercial Manager of the project.
"According to Barraza, Portal Canarias is inspired by the Atlantic archipelago of the same name, and each condominium building - Puerta Gran Canaria, Allegranza, La Palma and Los Faros, aims to meet the needs of different types of families in El Salvador, but gathered together in an environmentally friendly space that will give all residents the opportunity to experience a fusion of nature, urban creativity and security", reported Elsalvador.com.