Of all the money invested, $97 million corresponds to non-residential projects.
According to the President of the Panamanian Chamber of Construction (Capac) commercial and real estate investments are continuing to grow to the west, even as far as Capira.
"He said there is already a captive population Arraiján and La Chorrera, and so now employers are focusing on commercial projects.
But beyond the million dollar investments, the president of Capac argues that there is an urgent need to expand the road infrastructure to expedite travel between the capital and the western area and vice versa.
The Panama Canal Authority (ACP) has already included $20 million in its budget next year for the design of a fourth bridge over the waterway", reported Prensa.com.
Across from the Bridge of the Americas, is Panama Pacifico project in which the firm London Regional has an investment program of $705 million over 40 years.
Source: Prensa.com
More on this topic
August 2011
The construction of both residential and non-residential projects grew by 64.6% in the month of April.
A press release from the Ministry of Economy and Finance reads:
“The construction of projects, both residential and non-residential, grew by 64.6% in April, according to a report by the Office of Economic and Social Analysis at the Ministry of Economy and Finance.
October 2011
Great interest is being taken in land and homes in areas near to the new Metro stops.
Real estate industry representatives agree on declaring areas where underground stations will be located "gold mines".
The price per square meter could rise to the same values or even higher as those currently paid on Avenida Balboa, the area considered the most expensive in Panama.
February 2009
Zone 14 in the capital has the highest number of available apartments - 798 units valued at $249.95 million.
ElPeriodico.com.gt reports: "In the last three years, there was a boom in zone 14 with the expectation that people who grew tired of the traffic on the road to El Salvador, would return to the city.
January 2012
The economic and tourism boom has created an inordinate amount of investment in hotels, which is threatening to lower the occupancy rate to unsustainable levels.
The opening of more than 20 hotels has been announced for 2012, adding 6,000 rooms to the inventory offered by Panama, and representing an annual increase of 300% in the hotel supply, while the increase in the number of visitors to the country during 2011 grew by - 13%, which although significant, is far below what would be needed to keep up the hotel occupancy rate, which currently stands at 66%.
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