Super Repuestos, a company dedicated to the marketing of vehicle parts, announced that next year will invest in the opening of two branches, one in El Salvador and another in Honduras.
The sales point of El Salvador will be located in the municipality of Nejapa and the establishment that will operate in Honduras, will be in the city of La Ceiba. Both buildings are currently under construction.
As part of the non-reimbursable cooperation programs that China will implement in El Salvador, $85 million was announced for the construction of water treatment plants in Ilopango and La Libertad.
After investing $3 million, the Super Selectos chain opened a new 2,000-square-meter point of sale in the El Encuentro shopping center in the municipality of San Miguel.
Directors of Grupo Callejas, a business conglomerate that owns the supermarket chain, reported that the new sales point has 35,000 available products, a bakery with fresh products, meats, fruits and vegetables.
Improvements to Liberia's international airport in Guanacaste, with a $95 million investment, is the most important project the Costa Rican government plans to carry out in the next four years.
The Ministry of Public Works (Mopt) informed that the Daniel Oduber Quirós International Airport will receive a $95 million investment for the 2020-2024 period, in work to improve the taxiway, the reconstruction of the entire runway of almost 3 km in length, the reconstruction of the electrical system and expansions, which will involve more expropriations. This is one of the main investments, of the $160 million invested, in execution or to be allocated to local airports and aerodromes.
With the reform proposal to the Law of Free Zones presented to Congress, it is intended to reduce from 20 to 10 the requirements that must be met to approve a new free zone.
After several months of working on the proposal to make changes to the law, the file was submitted to the legislative chamber and prepared by the Honduran Maquiladora Association (AHM), the Ministry of Finance, the Central Bank of Honduras and the Ministry of Economic Development (SDE).
With the deadline for Congress to approve the 2020 public budget expiring, the Guatemalan government must work with the 2019 budget, so some investments in public infrastructure could come to a halt in the first months of the year.
Last November 30, the deadline for the Congress of the Republic to approve the draft budget of income and expenditures of the nation for 2020, which amounted to Q91.9 billion ($11.9 billion) and was not endorsed by most deputies.
ETAfashion, dedicated to the sale of clothing, shoes and accessories, opened its second store in Costa Rica, in the Central Avenue of San Jose, in the old building of the Lehmann Bookstore.
Prior to the launch of its new store, the company operated a single sales point, which is located in the Lincoln Plaza shopping center in Moravia.
The group formed by Garnier & Garnier Desarrollos and Enjoy Group acquired 100% of the shares of Hotel Punta Islita, which is located in Guanacaste and was previously owned by Grupo Islita.
The companies participating in the transaction informed through a statement dated November 1, that after the sale of the hotel, the enclosure will undergo a process of improvement and expansion.
In order to attract tourism from Costa Rica, in the Panamanian province of Chiriqui, investments have been made in the construction of new shopping centers and the expansion of some existing ones.
In addition to plans to modernize the border crossings between the two countries, whose works will favor the transit of tourism, businessmen estimate that in the construction and renovation of shopping centers, Chiriqui has hoarded investments in excess of $500 million.
Chevron's $7 million investment in the Acajutla terminal in El Salvador increased its fuel storage capacity from 300,000 to 450,000 barrels.
As announced in 2016, the investment in the plant expansion consisted of the construction of two tanks, each with a storage capacity of 75,000 barrels.
Strengthening government institutions in the areas of contract enforcement, property rights protection and investor protection are part of the recommendations made by the IMF in its most recent visit to the country.
According to the international organization, policies to regain the confidence of the private sector, including a frank assessment of the impact of recent measures, are essential to promote economic recovery and compensate for increased poverty. In the short term, strengthening government institutions in the areas of contract enforcement and efficiency of the legal framework for dispute resolution, protection of property rights, investor protection, property registration, and insolvency resolution could significantly improve the country's competitiveness.
In Costa Rica, Concasa announced that it plans to invest $73 million in the development of four housing projects, which will be developed in the course of 2020 and 2021.
Company executives reported that the first project they will develop is called "Monte Alto", which is a complex of nine apartment towers, located in Curridabat and construction will begin in January 2020. For this project the company will invest $40 million.
The U.S. restaurant chain Olive Garden plans to open its first restaurant in the country in July 2020, and for 2021 and 2022 it plans to open two more points of attention.
The first location to be opened by the investment group AR Holdings, a member of Grupo Promerica, will be 450 square meters and will be in Escazu, and the estimated investment for this restaurant is $1.3 million.
A multipurpose tower in El Salvador, a logistics park in Panama and a corporate center in Guatemala are part of the investments planned for the coming months in Central America.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built soon.
Grupo Britt invested $7 million in the construction of its new 3,000-square-meter corporate center, located in the canton of Barva, in the province of Heredia.
Managers of the business group, which has presence in 13 countries, reported that the new building houses the service centers of the companies Café Britt and Morpho Travel Retail.