Panama: $1.5 Billion in New Construction


News from Panama / Tuesday, October 10th, 2017

In the first eight months of the year, the value of construction permits, additions and repairs totaled $1,502 million, 28% more than in the same period in 2016.

The most recent as figures from the Comptroller General’s Office detail that the value of new construction, additions and repairs reported between January and August exceeded $1.5 billion, 28% more than the $1,173,000 recorded in the same period in 2016.

See also: What Will be Built in Central America?

Leading the figures is Panama, with $1,081 million, followed by David, Santiago, Chitré, Aguadulce and La Chorrera, with $202 million.

Regarding the type of construction, permits for new constructions, additions and repairs were registered for $929 million in residential projects, and $572 million in non-residential projects.

Most residential and non-residential projects were concentrated in the province of Panama, with $736 million and $345 million, respectively.

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