Companies Continue to Arrive at Howard

Some 80 multinationals are currently operating in the Panama Pacific Special Economic Area (AEPP) and this figure is expected to continue rising, as is the number of new jobs.

The German group BASF and Unilever have recently joined the list of companies that are operating under Act 41 on multinational sites.

The administrator of the SPPD, Olmedo Alfaro said that about 5,000 jobs have been created so far and it is expected that by 2014 there will be 10 thousand workers in the area. Alfaro said that they working to get companies from the developed world installed in the area and that they want them to be anchor companies.

More on this topic

Panamá Pacífico to Invest $345 Million in 5 Years

August 2010

In the next five years, London & Regional, the company in charge of the master planned development (MPD) will manage $345 million worth of works.

Olmedo Alfaro, general administrator of the Panama-Pacifico Special Economic Area Agency (AEP), highlighted that, “in these five years, more than $300 million will be invested representing a switch from the planning to operational phase for Panama-Pacifico”.

Training Center for Panamá Pacífico

April 2012

The investment of $17 million is intended to meet the requirements for trained personnel in Panama Pacifico, especially for handling heavy equipment.

Work on the training center should be started in June and it is hoped that it will fulfill all the requirements for participants in training courses on the skills required by the modern labor market: English, technology, work ethics and personal finances.

Investment of $705 Million in Panama Pacific Project

March 2009

The British company, London & Regional, is developing the project which would imply a $705 million investment over the next 40 years.

In an article in La Estrella de Panama, some of the characteristics of the project are described, which consists of a sustainable city with business parks, logistics, tourism and residential areas.

Green Ivory to be established at Panama Pacifico

August 2010

Green Ivory will establish new offices in Panama Pacifico, where they plan to complement their button-making enterprise

Heirs to a rich manufacturing tradition that began during the first decade of last century, Green Ivory is a leading producer of buttons of all styles and colors.