China will finance a high technology development center which will feature a business center, shopping area and data center.
The governments of both countries are already working on the design of the complex estimated at a cost of $65 million.
According to Nacion.com, the Chinese ambassador in Costa Rica, Wang Xiaoyuan, reported: "We reached an agreement for China to give consultation on the park.
The XIII Regional Forum on "Renewable Energy in Isolated Rural Areas in Central America" will be from March 18 – 20 in Managua.
The event is co-sponsored by Finland, Austria and the Ministry of Energy and Mines in Nicaragua, among others.
The meeting will be attended by Austrian and Finnish companies to present products and technologies they have applied in the field of renewable energy sources.
Costa Rica has a deficit of some 2,300 professionals with technical skills, and the shortfall in human resources is causing problems for both national and foreign-based companies.
Many companies have been unable to find candidates for posts in areas such as programing, database management and network security.
El Salvador's score improved most, while Honduras and Nicaragua were the worst. Venezuela has replaced Costa Rica in the fourth-highest technology level.
Helped by a strong increase in wireless, PC, Internet and broadband penetration, Latin America is boosting its technology level, according to the third annual Latin Technology Index from Latin Business Chronicle.