Shopping centers and office buildings are the main works that are being developed around the suburban runway, along the southern highway in the capital of Nicaragua.
Real estate growth in Nicaragua is occurring in various areas of the country, but especially in the capital and its surroundings. As indicated by figures from the Central Bank's most recent report on private construction, the greatest investment is observed in the capital and its surroundings, and specifically, in developments for the commercial and service sectors.
Investment made by Guatemalan companies in Nicaragua almost tripled between 2014 and 2015, with money mainly going into energy, sugar, palm oil and tourism.
In the past eight years Guatemalan companies have invested $246 million in Nicaragua, according to ProNicaragua.In 2013 the highest amount in the last five years was recorded, with $46 million being invested in the country.In 2014 the amount of investment was only $6 million, while in 2015 it amounted to $16.7 million.
African palm, coffee, pineapple, bamboo, cocoa and forestry are the categories that the Nicaraguan government is promoting as investment opportunities in the Caribbean coast.
Noting that deforested areas are those that could house African palm plantations, Alvaro Baltodano, presidential delegate for investment and exports, noted that African palm is now being planted in 10 thousand acres of the Nicaraguan Caribbean, as part of a project that aims to plant 20 thousand acres.
The Japanese Yazaki and the German firm Draexlmaier have already invested about $70 million in the country, trying to attract more investment to turn the place into a center for manufacturing vehicle parts.
Nicaragua is looking to become a destination for investment in the auto parts segment. "A lot of raw material used to manufacture automobile parts such as seats and dashboards comes from Nicaragua.
A group of industrial companies in the South American country plan to visit the country in late April to explore business opportunities with Nicaraguan businessmen.
The Chilean delegation is composed of representatives from the public and private sectors related to the industrial and recycling area, in order to find out about market and investment opportunities in Nicaragua.
Seven German companies are visiting the country to explore opportunities in sectors related to hydraulic engineering, energy, transportation, agricultural production and health.
A delegation of 10 representatives from seven German businesses will be staying for a week in the country to meet with various business chambers and look for investment opportunities in different sectors, including the project of the Grand Canal.
The total amount of available land ideal for developing agricultural activities is estimated at 2 million hectares, and is mainly situated in the east of the territory.
Attracting more investment from companies in agribusiness is part of the authority's aims, however, before thinking about increasing investment in agriculture there is a need to improve productivity.
The start of a feasibility study has been announced for the construction of a hydroelectric plant in Matagalpa valued at $330 million, to be funded by the Business Development Bank of the Netherlands.
From a statement issued by ProNicaragua:
General Alvaro Baltodano, Presidential Delegate for Investments in Nicaragua, and the Hon. Ms. Mette Gonggrijp, Ambassador from the Kingdom of the Netherlands in Costa Rica to Nicaragua, today announced the launch of feasibility studies for a new hydroelectric project called Aguas El Carmen. This project, to be developed by Aguas El Carmen, SA, will be located in Matagalpa, Nicaragua, and will supply up to 10 percent of the energy needs of Nicaragua when it is operating.
A bill that is being analyzed by the U.S. Congress aims to reduce the level of tariff preference to only 6% of imports from Nicaraguan textile factories.
Although the possibility exists of an extension of the current Tariff Preference Level (TPL) until 2015, American congressmen have proposed that the benefit be granted only on cotton pants, which represent the lowest proportion of Nicaraguan textile exports to the United States.
Lala Nicaragua will invest $50 million in a new plant located in Tipitapa in order begin operations in 2014.
Also, through a statement, they explained that "Lala Nicaragua SA wishes to make known to the general public that it has requested an environmental permit from the Ministry of Environment and Natural Resources (Marena) according to the procedures established in the Environmental Assessment System, Decree 76-2006 " .
With an investment of $35 million and under the name Pride Denim Mills the textile the plant will restart operations in early 2014.
The textile company, which was acquired by Grupo Karim’s de Honduras announced the creation of "600 jobs to produce about 28 million yards of denim a year, which is the production capacity of the plant," noted an article in Laprensa.com.ni.
The Mexican company will invest $50 million in a plant to process 200,000 liters of milk a day.
The information was released by Alvaro Baltodano, presidential delegate for investment, adding that Lala will process 75% of the milk produced in the country, because Nicaragua only takes advantage of 25% of what it produces.
"The ideal would be to process 75% of the milk that we are currently not processing.
On 10 November, a joint mission will travel abroad to promote foreign direct investment mainly from Germany, England and France.
General Alvaro "Baltodano said that although there are European investors in Nicaragua such as the Barceló Group, the cocoa producer Ritter Sports and the automotive component manufacturer Draexlmaier, the country needs to attract more investment as part of the benefits available under the AA with Central America", reported Elnuevodiario.com.ni.
For this new edition opened in Granada, Nicaragua, more than 1,600 business meetings have already been scheduled between the buyers and suppliers participating in the event.
"Conditions are ripe for this (Lac Flavors) to succeed in the sale and promotion of Nicaraguan products, the abundant quantities and skills of the attendees representing companies interested in agribusiness fills us with satisfaction and demonstrates the motivation in the food sector," said Alvaro Baltodano, Presidential Delegate for Investments.
The Government has confirmed the arrival of Grupo Corporativo Lala, which will start operating this year with a plant for processing 200,000 liters of milk.
"We're talking about more than fifty million (dollars) in investment by Grupo Lala in the first stage," said Alvaro Baltodano, presidential delegate for investment promotion.
"Lala is coming to Nicaragua to invest and it aims to develop the dairy sector in Nicaragua.
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