The companies that have chosen PANAMÁ PACÍFICO as their base of operations range from ship chandlers and service companies, to large multinational corporations such as 3M, DELL and Caterpillar, who were looking for an ideal place to develop their businesses or services in the region.

DELL has established its second largest Call Center in Panama Pacífico, taking advantage of the communications facilities PANAMA PACÍFICO offers with direct access to onsite fiber-optic cable; Caterpillar has broken ground on its Latin American base for a new training center for large equipment and 3M, which is waiting to be able to move to a larger facility onsite, is developing and producing very unique, high-tech products, that are being exported as far away as Asia.

Other important companies originating from all over the world, have found the ideal place to develop the most diversified kind of business here such as, 3PL PANAMERICANA (logistics), Osala (pharmaceuticals), Cable & Wireless Panama (data center and information transmission), Gianfranco Agency (Ship Services),  Universidad del Caribe (A four-year private College), ST Aerospace (airplane maintenance), and several others that make up a group of visionaries, that have found in PANAMA PACIFICO the ideal place to do business.

Located adjacent to the Panama Canal, PANAMA PACÍFICO is being developed by London & Regional Panamá, under a master development contract signed with the Republic of Panamá in 2007. London & Regional Panamá in its master plan agreed to build infrastructure, commercial buildings and warehouses to house the most demanding companies within the logistics and commercial sectors.  Simultaneously, new neighborhoods of apartment complexes, condominiums and single family homes are being built to provide quality onsite housing for company executives and management.

PANAMÁ PACÍFICO´s strategic location, includes adjacency to the Panama Canal, just 10-minutes access to the Panama-Colon railroad and Balboa Port, immediate access to Pan-American Highway, an onsite operational airport, and the legal, labor and tax incentives the Panamanian Government offers to companies establishing here. Many industries are completely exempt from paying fiscal taxes.

For more information http://www.PanamaPacifico.com

In order to explore the possibility of building an industrial energy park in the area of Baru in the Chiriqui Province of Panama, investors in a consortium of four U.S. companies of the most influential Fortune 500 held a working meeting with the Minister of Commerce and Industry, Roberto Henriquez.

The interest of building an industrial park in this area is part of the initiative by the government of President Ricardo Martinelli of attracting investments in this sector of the country.

Besides the Minister of Commerce, the meeting was also attended by the Deputy Minister of Industry and Commerce, Ricardo Quijano.

Article courtesy of the Ministry of Commerce and Industry of Panama

The flight will have two weekly frequencies, Monday and Friday and will connect a region with great tourist potential. It will be operated with a Cessna Grand Caravan aircraft with a 12 passengers capacity. Salo Shamah , General Manager of the ATP, said this initiative is a model where an airline and business groups take risks to promote products in emerging destinations.

Shamah said: “It is important to establish a national air network that spreads its benefits to the social and economic development of Panama.” The agreement in the amount of B/34, 000, of which ATP will put B / 12,000 and will last six months.

The destination studies determined its needs for air entry and exit of passengers. Additional considerations taken into account for the opening of the new flight, include:

1. Growth of tourism in the region.
2. The renewal of the Aeroperlas Regional fleet with 2 modern recently acquired Cessna Grand Caravan aircrafts, which by its capacity and efficiency, allow the opening of new markets, previously due to the size of the demand had not been able to be serve.
3. Pedasi has a landing strip in proper condition for safe operations.

“The good cooperation of the authorities of the ATP, and the excellent relationship we have with tourism entrepreneurs and investors in Pedasi, who have been actively involved in the opening of the route and are committed to its success, have been key elements for the opening of this new route, “said Rolando Pereira, Aeroperlas Regional Commercial Manager .

Article courtesy of the Tourism Authority of Panama

The project is expected to cost around $200 million and with construction slated for the end of the year should be completed by 2009. Units are going for $250,000 to $450,000 for one to three bedroom condominium units and furnished hotel condominium properties will cost around $250,000. This is the first time that the Trump Organization has invested in Central America.

But why is Trump Investing in Panama? Trump said his interest in Panama property investment began a couple years ago when he was in Panama City for the Miss Universe Pageant. It’s no surprise anymore that Americans are flocking to Panama. Low interest rates, political stability, a low cost of living, and the country’s location beyond typical hurricane paths all make Panama a great place to live. Baby boomers in particular are finding Panama an attractive destination.