The granting of four new licenses and the expansion of the Industrial Consortium of the Americas, operator of the Panapark Free Zone, increased the investment in the free zone from US$ 18.3 million to US$29.8 million, during the first 100 days of management of the new Government.<\/p>\n\n\n\n
The four new licenses, approved by the National Commission of Free Zones, will allow the establishment of companies dedicated to logistics services and real estate rental in Panama Free Zone and Marpesca.<\/p>\n\n\n\n
These companies will have a joint initial investment of US$5,825,944.14 and future investments of US$5,657,541.00 are expected, totaling US$11,483,485.10.<\/p>\n\n\n\n
Previously, eight licenses had been approved for companies in the free zone, with an initial and future investment that amounted to US$ 18.3 million, and with the incorporation of new companies, which now add up to 12, the total investment in the first 100 days of government management reaches US$29.8 million.<\/p>\n\n\n\n
The Minister of Commerce and Industries, Julio Molt\u00f3, indicated that the entity he directs is committed to the economic growth of Panama and job creation through the promotion of investments in free zones.<\/p>\n\n\n\n
“The approval of these new licenses not only reflects the confidence of the private sector in our country, but also strengthens our position as a regional logistics hub,” Molt\u00f3 said.<\/p>\n\n\n\n
The approval of new companies in free zones not only boosts investment but also employment with the generation of more than 280 initial jobs, both direct and indirect.<\/p>\n\n\n\n