In late 2008, the project Panama Pacific was in its infancy in an area of 410 thousand hectares, logistics and residential center would be developed with a vision of 40 years. Six and a half years later, 230 companies from various sectors have been established there, currently employing some 7000 workers directly.
Kardonski Henry, general manager master developer, London & Regional Panama , said yesterday that they have invested some $ 450 million in infrastructure of the company.
So far, he added, it has developed about a third of the master plan. In this regard, he explained that the industrial and logistics has evolved by 35%, the office between 15% and 20% and residential area around 25% and 30%.
In this area, there are companies in industries from high-tech manufacturing, marine services through technology. The latter, along with attracting pharmaceutical companies, are two areas in which the agency expects further growth in the medium term.
Of all established companies, nearly 40% are Panamanian.
For his part, Leonardo Gonzalez, Administrator Panama Agency, an autonomous state agency created in 2004 Pacific confirmed that the project contributes to the gross domestic product of about a billion dollars a year.
The Panama Pacific Special Economic Area was recently recognized by Site Selection magazine as "the best agency to attract investment in Latin America and the Caribbean 2015".
According to the publication, this joint project fruit of a public-private partnership joined the most points at a rate of seven basic criteria. These are: professional answer to queries of investors, vast knowledge and linguistic diversity of employees, better information on expectations of time to process permits and better reputation for protecting the confidentiality of investors and better reputation for aftercare services.
Another regional agency that was recognized by the magazine was the Colombian Invest in Bogota .