Free Zones: New Project in Costa RicaWednesday, June 17, 2020 Portafolio Inmobiliario announced that it will begin the development of the Green Valley Free Trade Zone project, which in its first stage contemplates the construction of a Free Trade Zone located in the municipality of Grecia, province of Alajuela. The total land on which the project will be located amounts to more than one million square meters, however, its construction will be carried out in stages. Agro Industrial Free Zone in LimónTuesday, September 20, 2016 It has been announced that in 2017 construction will start of a free zone for agribusinesses in Siquirres, Costa Rica, with a planned investment of $200 million. The Free Zone to be called "Free Hold Free Zone" will be located in Siquirres, said Rogelio Douglas, CEO of Caribbean Sustainable Development, an organization focused on attracting investment to the province of Limon. In a first phase the free zone will have a constructed area of 73,000 square meters, divided into commercial and office areas. Who Wants to Sell Duty Free Goods At Tocumen?Tuesday, July 19, 2016 The US company Duty Free America, Motta International, the swiss Dufry Group and the german Heinemann Duty Free plan to participate n the tender being prepared by Tocumen for August this year. Due to the inclusion on the Clinton List of Waked International, the current concessionaire of the duty free shop in Tocumen, the airport administration was forced to speed up the process to tender commercial spaces, even though the concession only expires in December 2017. Motta Internacional is the other current concessionaire of commercial shops in the terminal. Closure Announced of Duty Free Store La Riviera in ColombiaFriday, May 27, 2016 La Riviera Colombia has submitted its companies under control of the Superintendency of Companies and twenty suppliers and customers have announced the end of their trade relations. In a statement La Riviera S.A.S. specified that it asked the authorities to take control of the Colombian companies La Riviera S.A.S., Santafe Duty Free S.A.S. and La Riviera Duty Free S.A.S., "... Industrial park to start operating in HondurasMonday, August 25, 2008 On September 1 the "Pacific Free Zone" (Zip Choluteca) industrial complex will official begin operations, and should eventually provide jobs to some 5000 persons from the southern zone of the country. Zip Choluteca is located in the sector called "Ciudad Valcanes," an area that is approximately 516 acres, and will have an industrial and commercial area, a bilingual school, and 250 houses for which credit will be made available to workers from the Zone. Tender of Duty Free Areas at Tocumen in September 2016Friday, November 20, 2015 The Panamanian airport administration has hired the British company Pragma Consulting to design the strategy to tender the commercial area of the southern terminal, scheduled for September 2016. Pragma Consulting company also designed the tender process of the business premises that are currently operating under concessions which will expire in 2017. First industrial park in southern Honduras inauguratedFriday, September 12, 2008 At an investment of $5 million the first stage of the Honduras Pacific Free Zone, which will host the textile factories, was inaugurated. The total projected investment is $100 million in 10 years; the first stage should generate some 300 direct jobs and should increase to 5,000 in the next few years, as well as the development of a housing project for workers. Tocumen Could Bring Forward Duty Free TenderFriday, June 17, 2016 The contest which could be held in August or September will be seeking only two operators, and will exclude certain brands and products which will be awarded separately. The tender is for the duty free spaces in Terminal 1, which since 2007 had been operated by Waked International S.A., whose concession expires in December 2017. As explained by the authorities of Tocumen SA, the inclusion of Waked companies in the Clinton List forced them to make changes to airport plans. Free Trade Zone Announces Ambitious Investment PlanWednesday, January 27, 2021 America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure. Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2. New Duty Free Operators in TocumenThursday, August 24, 2017 The US company Duty Free America has been awarded two of the three blocks of the commercial area in Terminal 1 of the Panamanian airport, and the third went to Attenza Duty Free, linked to Motta International. At the beginning of August four companies presented their proposals in the tender to operate duty free commercial premises at Terminal 1 of Tocumen International Airport, but only two were selected. Tocumen Duty Free Shops Start to ReopenFriday, April 13, 2018 Duty Free America and Attenza Duty Free have started operating the first premises in terminal 1 of Panama City airport. Duty Free America (DFA) will be opening premises gradually until May, when the remodeling of all the premises will be completed. In regards to Attenza Duty Free, the authorities at Tocumen S.A. III Expo Free Zones ForumTuesday, August 13, 2013 On 22nd and 23rd of August entrepreneurs from 10 American countries related to activity of free zones will be meeting in Panama. Representatives from Colombia, the Dominican Republic, Guatemala, Uruguay, the USA, Paraguay, Brazil, Ecuador, Argentina and Panama, will be taking part in the event organized by the Association of Users of the Colon Free Zone (AU). Tender For Retail Spaces at Juan Santamaria AirportMonday, September 24, 2012 The Costa Rican airport operator, Aeris, will be putting out to tender in the short term three areas for selling food and one for a gift shop. In "a matter of days", a tender will be launched for restaurant areas measuring 66 square meters, said Maria Amalia Revelo, commercial director of Aeris, of the spaces which must be awarded no later than mid-October. The Long Awaited Tender for Tocumen's Duty Free SpacesFriday, June 2, 2017 From today, the process starts to tender commercial spaces in Terminal 1 of Panama City International Airport. Among the companies that have expressed their interest to the administrators of Panama City airport are DFS, Duffry, Duty Free America, Heineman, DFAASS, Legarde, Penna and Flamingo. More Waked Group Businesses ClosedWednesday, May 18, 2016 In Uruguay, where the group operated three duty-free shops, authorities have filed a complaint for alleged money laundering, and Nicaragua has closed a store that operated in Penas Blancas. In Nicaragua the duty free shop La Riviera which operated at the border post of Peñas Blancas has been closed by order of the customs authorities of that country. In Uruguay, the Central Bank and the National Anti-Money Laundering Asset Secretariat presented a criminal complaint on May 13 to the Specialized Organized Crime Justice against the Panamanian Group Waked alleging money laundering. |
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