Builders Request to split Panamanian Mega-ProjectsThursday, January 21, 2010 Panamanian construction businessmen have requested the government to split the contracts for mega-projects, in order to enable the participation of more companies. Currently, the requirements imposed by the Government for most infrastructure projects are impossible to meet by domestic companies. Construction Association MeetsFriday, April 29, 2011 Panama will host the meeting of the Regional Chamber of Construction Organizations of Central America and the Caribbean on the 5th and 6th May. Representatives from across the region will participate, presenting among other things, a report on the status of the sector in their respective countries. Expo Hábitat 2009 Exceeds ExpectationsTuesday, September 22, 2009 $222 million were sold in the real estate trade show, 12% more than its previous edition. Additionally, it was visited by 32.000 people, 9% more than in 2008, stated Enrique Asensio, president of the Organizing Committee. In Panama, Investment in Construction Down 21%Tuesday, March 20, 2012 During 2011 the total value of approved permits for building was $1.029 billion, 20.9% less than during 2010, when it was $1.329 billion. Gaston Regis, president of the Panamanian Chamber of Construction (CAPAC), estimates that changing market conditions over the last 3 years and a subsequent rearrangement are some of the factors causing this decline in the value of building permits. Panama: Union Alliance in the Construction IndustryTuesday, August 30, 2011 The main unions involved in the construction business have formed a group in order to present a common front in the affairs of the sector. The ‘InterUnion Alliance of the Construction Industry’ has been signed up to by the Panamanian Chamber of Construction (CAPAC), the Association of Brokers and Real Estate Developers (Acobir), the National Housing Council (Convivienda), the Panamanian Chamber of Commerce and Industry (CCIAP) and the Panamanian Institute of Architecture and Urbanism (Ipaur). Construction Chamber Supports Financial TowerTuesday, May 24, 2011 Faced with the opposition from groups against its construction, the Panamanian Chamber of Construction is supporting the project that will bring more investment into the country. The president of the association Gaston Reyes, says the project is important for the industry, whether it is constructed by a Panamanian company or not, and sees no need to create controversy around the construction. Expo Habitat 2010 Expects Sales for $200 MillionMonday, August 23, 2010 The show, organized by Panama's construction chamber will be held in the Atlapa Conference Center from 15 to 19 September. Expo Habitat is a housing and construction industry gathering organized by Panama's construction chamber (CAPAC) in which more than 325 exhibitors participate in a 17,000 m2 space provided by the Atlapa Conference Center. Visitors get to see the latest trends in finishing materials, decoration, tools, machinery, technology and real estate projects, as well as gaining access to attractive mortgage finance offers. Expo Habitat 2009 Deals Could Reach $100 MillionMonday, September 14, 2009 The event is organized by the Panamanian Construction Chamber (CAPAC) between September 16th and 20th. 325 national and international exhibitors will participate in the fair, located in Atlapa Conventions Center. Panama: Housing Trade Fairs in 2016Tuesday, January 19, 2016 The construction sector has announced three housing fairs for this year, expecting 100,000 people to participate and business deals to be struck worth $450 million. The Panamanian Chamber of Construction (CAPAC) announced its schedule of trade fairs for 2016: Housing Expo will be held from 14 to 17 April; Chiriqui Expo from 12 to 16 August and CAPAC Expo Habitat, from 7 to 11 September. $300 million in Business Deals in Capac Expo Habitat 2013Monday, September 16, 2013 At the end of the construction exhibition held in Panama, there were 45,000 visitors and an increase of 10% in the amount of deals closed. Prensa.com reports that "transactions in the order of $300 million and about 45 thousand visitors were achieved at Capac Expo Habitat 2013, said the organizers of the construction trade fair, which concluded yesterday at the ATLAPA convention center . Panama Stages Expo Vivienda 2010Monday, March 22, 2010 Expo Vivienda 2010 will take place from April 8 to 11 at the Atlapa Conventions Center. It is organized by the CAPAC, the Panamanian Construction Chamber, who expects participants to close deals for $75 million at the event. $120 Million in Deals at Expo Vivienda PanamaThursday, April 7, 2011 At the 2011 edition of the real estate fair, the most sought for projects were "social housing" solutions, with prices up to $100.000. Gabriel Díaz, head of the organizing committee, explained that the event's exhibitors registered 36% more transactions than its previous iteration, and was visited by 30.000 people. Concrete Consumption Down 25% in PanamaMonday, October 19, 2009 In August, concrete production fell for its fifth consecutive month. From January to August, cummulative production was 3.1% less than the same period of 2008. Panama: Construction Sector ReboundsWednesday, May 4, 2011 After a volatile 2010 a growth of 15% is projected for this year. The best infrastructure, the arrival of more foreign investment and financing facilities granted by banks are some of the reasons behind the recovery being shown in the construction sector in Panama. Panama: Street Repair ObligatoryWednesday, June 17, 2009 Since June 11th, construction companies now have an obligation to repair any damages created by their projects to the streets of Panama City. The agreement issued by the City Council of Panama and published in Panama's official newspaper, Gaceta Oficial, establishes that promoters, construction companies, and others have the obligation to repair any street damage that occurs during the process of construction upon finalizing their projects. |
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