Mogo Mogo Island has an area of 69 hectares and 34.4 hectares of that total would be auctioned to promote tourism development.
The portal, Prensa.com, published: "Those interested in buying the land will have to present a project that is 'compatible with the environment’ which implies an investment of $2 per square meter as a minimum. With regard to environmental requirements, Marco Tulio Hernández, Director of the Division for the Promotion and Sale of State Property noted that these will be the same as what is established by Panamanian law."