Panama, Feb 21 (Prensa Latina) Panama got more than 2.4 billion dollars last year through foreign investment, more than twice that of 2005, Panamanian Ministry of Trade and Industry reported on Wednesday.
Julio Fabrega, director of Investment Promotion in the Ministry said the gains were made by virtue of the government plan to attract investments by focusing on tourism, transportation, logistics, agriculture and sea resources.
He considers that the expansion of the Panama Canal will allow great investments from several countries, mainly the US and Europe.
The Panamanian economy has had high economic growth in recent years, due to construction and real estate development, the Panama Canal and the banking sector. The Ministry of Economy and Finance announced some days ago that for the first time, the non-financial public sector achieved a profit of 88 million dollars in 2006. Nevertheless, despite the growth of the Panamanian GDP, nearly 40 percent of Panamanians live in poverty.
Panama's first website about Real Estate, business and touristical guide for travelers and investors.
Panama web design
Diseño web en Panama
Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts
Wednesday, February 21, 2007
Tuesday, February 6, 2007
In recent news, for example of growth of the construction in Panama, I found this article:
" MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX S.A.B. de C.V. (NYSE: CX) announced today that it will begin the construction of a new kiln at its Bayano Plant in Panama. The construction is expected to be completed in 2009. The value of the investment is approximately US$200 million. Current production at the Bayano Plant is approximately 450,000 tons of clinker per year. Following the completion of the project, production will increase by approximately 1.15 million tons of clinker to 1.6 million tons of clinker per year.
The Bayano Plant will operate using the most modern and efficient processes developed with CEMEX technology for clinker production, fuel use, and environmental standards. With this additional production capacity, the Bayano Plant will become one of the most modern production facilities in the Americas.
“This investment reflects our confidence in Panama's economy and in the continued high growth of the construction industry in the country,” said Juan Romero, President of the South America & Caribbean Region of CEMEX.
CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com. "
Much money... In Panama we have others important companies in production of cement, but CEMEX from Mexico, wants to achieve a trascendental rol in the field of construction in Panama.
" MONTERREY, Mexico--(BUSINESS WIRE)--CEMEX S.A.B. de C.V. (NYSE: CX) announced today that it will begin the construction of a new kiln at its Bayano Plant in Panama. The construction is expected to be completed in 2009. The value of the investment is approximately US$200 million. Current production at the Bayano Plant is approximately 450,000 tons of clinker per year. Following the completion of the project, production will increase by approximately 1.15 million tons of clinker to 1.6 million tons of clinker per year.
The Bayano Plant will operate using the most modern and efficient processes developed with CEMEX technology for clinker production, fuel use, and environmental standards. With this additional production capacity, the Bayano Plant will become one of the most modern production facilities in the Americas.
“This investment reflects our confidence in Panama's economy and in the continued high growth of the construction industry in the country,” said Juan Romero, President of the South America & Caribbean Region of CEMEX.
CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com. "
Much money... In Panama we have others important companies in production of cement, but CEMEX from Mexico, wants to achieve a trascendental rol in the field of construction in Panama.
Subscribe to:
Posts (Atom)