Authorization has been given for the sale of 52,800 m² of land in the Amador Causeway, which was repossessed from the businessman Jean Figali in 2009.

The Ministry of Economy and Finance (MEF) will auction off “in a single act or individually, plots where Figali erected a convention center, among other facilities,” reported Prensa.com.

The lands formerly belonging to Figali were repossessed because of arrears in payments in excess of $29 million, a debt that was accumulated over a number of years.

The proceeds from the sale of land, valued at $81 million, will go directly to the National Treasury.

Source: Prensa.com

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The Ministry of Economy and Finance in Panama is to auction land measuring 657,909 meters square located in the town of Cerro Galera, Province of Panama.

PUBLIC GOODS AUCTION No. 12-2012, FIRST CALL TO GRANT THE SALE OF LAND IN POLYGON No. P-S/N1, MEASURING 657,909.71 M2, LOCATED IN THE TOWN OF CERRO GALERA??, TOWNSHIP OF VERACRUZ, ARRAIJAN DISTRICT, PROVINCE OF PANAMA, FOR RESIDENTIAL HOUSING FOR LOW AND MEDIUM DENSITY – MIXED USE AREA – URBAN CENTER – EMPLOYMENT GENERATION AREA, ESTIMATED VALUE B/.16, 797,200.75.

Source: CentralAmericaData.COM
The date of the auction is August 27, 2013.