Construction: $350 million in Residential ProjectsMonday, February 5, 2018 Apartment buildings and horizontal condominiums in Panama, Costa Rica and Guatemala feature heavily in the list of real estate projects planned for the coming months in the region. 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 for which environmental impact studies (EIA) were submitted to the respective institutions of each country in November 2017. What is Being Built in Central America?Wednesday, May 31, 2017 Apartment towers in Costa Rica and Panama, and oil well drilling and related works in Guatemala, are some of the construction projects planned for the coming months in the region. CentralAmericaData's information system "Construction Projects in Central America", compiled by the Business Intelligence Unit, provides an up to date list of public and private construction projects for which environmental impact assessments (EIAs) were submitted to the respective institutions in each country in March 2017. Costa Rica: Stats on Credit to Businesses in 2014Friday, February 6, 2015 With the exception of construction, in 2014 all productive sectors requested more credit from the banking system than they did in the previous year. From a statement issued by the Costa Rican Banking Association (ABC): Too Many Doubts Over New Refinery in Costa RicaTuesday, May 28, 2013 The limited information presented by the state run refinery RECOPE shows that the Costa Rican government will bear the entire risk of the $1.5 billion project. Editorial Construction Projects Planned for 2020Monday, November 25, 2019 A sports center in Costa Rica, a shopping center in El Salvador and an office building in Nicaragua 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. Corporate Center: New Investment in Costa RicaThursday, March 25, 2021 Portafolio Inmobiliario plans to invest $11 million in the refurbishment of the Real Cariari Shopping Center, which will be turned into an office building to be called Cariari Corporate Center. The firm decided to make this change because in the areas near the building, competition among shopping centers is strong, as Paseo de las Flores, mall Alajuela and Oxígeno operate in the area. Construction Congress in Costa RicaTuesday, August 5, 2014 During the event to be held on August 7th and 8th companies from the sector will address issues related to infrastructure and sanitation in the country, paperwork and sustainable urban development. From a statement issued by the Chamber of Construction of Costa Rica (CCC): Errors That Cost MillionsFriday, March 1, 2019 Because of flaws in the estimates of costs of the work, in Costa Rica the Comptroller's Office declared unviable the tender to build a sports center, supposedly valued at $40 million. In July 2016, the Solis administration announced explicitly that they were preparing to tender, at the beginning of 2017, the construction of a 25,000 square meter aquatic center and a 36,000 square meter sports center in San José, for a total cost of $40 million. The Real Impact of BureaucracyThursday, May 24, 2018 Due to the excess of procedures that developers have to carry out in order to realise a construction project in Costa Rica, it is estimated that some 5 thousand homes fail to be built every year. The Costa Rican Chamber of Construction presented a study entitled "Economic contribution of the construction sector and the impact of the excess of procedures", and one of its main conclusions was that the bureaucratic processes in the country " ... can generate average delays of 7.4 months in private construction projects and 13.5 months in social interest housing. " International Arbitration Congress in Costa RicaWednesday, February 11, 2015 The event which will be held from February 22nd to 24th in San José will focus on the practice of international arbitration in resolving contractual problems in construction projects. From a statement issued by the International Chamber of Commerce in Costa Rica (ICC): Shopping Centers: New investments in Costa RicaTuesday, April 27, 2021 The construction of a 23,500-square-meter shopping center that will house 135 stores and will be located in Ciudad Quesada, in the province of Alajuela, has been announced. The new property is called Plaza Comercial El Encuentro San Carlos and will be built by Desarrolladora Inmobiliaria Bambu in alliance with Nacascolo Holdings. The shopping center will begin construction in April 2021 and will open to the public in November 2022. Costa Rica: Construction Down 12%Wednesday, July 17, 2013 During the first half of 2013 there were 3.5 million square meters registered, 12% less than that the amount reported in the same period in 2012. From a press release by the Association of Engineers and Architects (Colegio Federado de Ingenieros y Arquitectos or CFIA): Big Data for Retail Space OptimizationFriday, April 16, 2021 Defining the design of a shopping center, determining the mix of store types and the optimal size of stores to maximize the benefits of commercial areas, are objectives that can be achieved through the proper analysis of large volumes of data. The volumes of data being generated in the digital environment every second enables business leaders to make well-informed decisions that are based on the analysis of empirical evidence. Construction Continues to Contract in Costa RicaThursday, September 11, 2014 In the first seven months of the year the number of square meters approved for construction of new buildings fell by 10,1% compared to the same period in 2013. From a statement issued by the Costa Rican Chamber of Construction (CCC): Government Construction and DecisionsFriday, January 17, 2020 For businessmen in Costa Rica, the dynamism and growth that the sector can report in 2020 will depend largely on the commitment of the Alvarado administration in the implementation of a series of actions to ensure that this activity rebounds. For the Costa Rican Chamber of Construction CCC, the action of the Government represents the cornerstone for the sector this year. |
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