'Panama needs a competitive convention center'

©image: ATLAPA

The auctioning of the Atlapa convention center, which according to the Ministry of the Economy and Finance (MEF), will be completed sometime at the end of 2008 or the beginning of 2009 and will create range of opportunities for the San Francisco convention center.
Options that have been considered up to now include the possibility of the center being used for other purposes and that the money earned from the auction be used to build a new convention center.

Source: Prensa.com

More on this topic

Panama: Atlapa Convention Center Auction at a Standstill

March 2009

The auction that was scheduled for late 2008 has been stalled since then and will continue when the Ministry of Housing changes the way the land can be used and allows the construction of hotels and residential projects.

Marco Tulio Hernandez, coordinator of the Division for the Promotion and Sale of State Property, informed Prensa.com: "The intention of this office is to endow the land with usage that would allow the construction of hotels and residential projects, 'with the indispensable condition of keeping the convention center,’ something that has been demanded by the tourism and business industries in Panama. Hernández was not confident that the auction would be concluded before the end of the term of the current government, but he said that they are working 'as if there were going to be no change. If we do not do it on time, we would hand over any progress made to the next administration."

The Competition for Convention Tourism

May 2012

The countries of the region are compete for organizing events and conferences whose participants spend on average $1,200 per day.

Panama, Colombia and Costa Rica are building new convention centers to be opened in 2014, a major effort that aims to achieve a good slice of the cake that is convention tourism.

Convention Tourism Growing in Panama

November 2011

The sixty events held this year generated revenues of $300 million for the country.

Occupancy rates in hotels, shops and spending power are some of the benefits these kinds of conventions have generated for the Panamanian tourism industry.

So said Minister of the Panamanian Tourism Authority, Solomon Shamah, who released results regarding this segment of the tourism sector which has grown so much in the last few months.

Panama Auctions Properties for $ 12 Million

January 2011

Auctions valued at $ 12.5 million will be made during the first quarter of 2011.

The auctions will be conducted by the Unit of Reverted Property (UABR) of the Ministry of Economy and Finance.

In January, the UABR will auction two low-density residential lots, located in the community of Margarita, in the Atlantic region, for an amount close to $ 122.342.