Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, announces the acquisition of Andaz Costa Rica Resort at Peninsula Papagayo by a Gencom affiliate, Papagayo Partners Ltd., in conjunction with local real estate developer Sinergo Development Group S.A. Following the August 2016 purchase of the 1,400-acre Peninsula Papagayo and […]
An environmental impact study has been submitted for construction of a logistics complex in an approximate area of ??40 hectares in Arraiján, Panama. Data from the Interactive System “Construction in Central America”, compiled by the Business Intelligence Unit at CentralAmericaData, indicates that in July Corporación Regente, S.A. submitted an Environmental Impact Study (EIA) to the […]
The National Civil Protection System has recommended suspending permits for new real estate projects in San Miguelito and Panama, until the real impact of urban growth seen in the area has been determined. Due to increased incidents such as landslides and floods in Condado del Rey and surrounding areas, Panama’s National Civil Protection System (Sinaproc) […]
Secretary-General Antonio Guterres has appointed Dr. Natalia Kanem of Panama to head the U.N. population agency. Kanem has been serving as acting executive director of the U.N. Population Fund since the sudden death in June of UNFPA chief Dr. Babatunde Osotimehin of Nigeria. She had been deputy executive director since July 2016. U.N. spokesman Stephane […]
Just as we are ready to open the new terminal, it was announced that the airport authorities are buying land and planning another runway and new terminal. Panama will continue it’s role as the hub of the Americas. Panama City airport authorities have started negotiating to buy the land needed to build a third runway […]
Four consortiums made up of companies from China, Spain, Italy and South Korea have presented their proposals to design and build a fourth bridge over the Panama Canal. The timeframe for building the work has been estimated at 42 months, and the estimated investment is over $1 billion. This project aims to connect the areas of […]
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, […]
The US company SMG has been chosen to manage the Panamanian convention center, which is under construction and will be ready to operate next year. Minister Him detailed that the selection of the managing company was made at the request of the Chamber of Commerce, Chamber of Tourism and the National Tourism Council. SMG will be […]
Panama hosted Monday of the IMO World Maritime Day Parallel Event which was attended by Panama’s President Juan Carlos Varela and the IMO secretary-general Kitack Lim. They were accompanied by delegates of the 172 Member States, representatives from various sectors of the international maritime industry, Ministers and Maritime Authorities of Asia, Africa, Europe and […]
Costas Paris writes for the Wall Street Journal about the huge success of Panama’s newly expanded canal. I first came to Panama when the vote was put to the people to decide on the expansion and now 10 years later it is over a year old and breaking records. Panama’s $5 billion investment to expand […]