Panamanian Tourist Offensive Begins

Authorities in Panama have set in motion an ambitious plan to attract investment in two areas of most interest to tourism: the old Sherman U.S. military base in the Caribbean and in Amador on the Pacific, in the capital. They also announced that tenders will soon be released.

Investment opportunities in Sherman "will come in the form of tenders to be released in the coming weeks," the agency EFE said to the Executive Secretary at the Administrative Unit Reverted Properties (UABR), Juan CarlosOrillac, according to a publication on Prensa. com.

The Spanish consulting firm C4T has conducted the relevant studies, Orillac said.

"The exploitation of the beautiful beaches of Sherman offers the industry the chance to construct of six ecotourist hotels, yacht marinas, cultural centers, eight housing cores and recreation centers. Regarding Amador, Spanish consultants have already submitted a preliminary draft and in the coming weeks and will present their final report, in this case an update of the Tourism Development Plan prepared in 1996, said Orillac " reported Prensa.com.

Source: Prensa.com

More on this topic

Tenders for Tourism Development in Sherman

January 2012

The Panamanian government will announce in the coming weeks a tender for several tourist developments in the area.

The executive secretary of the Management Unit for Reverted Property (UABR in Spanish), Juan Carlos Orillac said they have already completed a development plan for the area prepared by the Spanish consulting firm C4T .

Development of Former Sherman Base

February 2012

The Panamanian government has been examining the possibility of handing over the area to a master developer, as was done successfully with the area of the former Howard base.

The Administrative Unit of Reverted Areas (UABR in Spanish) at the Ministry of Economy and Finance has among its available assets, the Sherman base, an area of great commercial potential.

Panama: Interest in Investing in Sherman Base

August 2011

Several companies have shown interest in investing in the former military base in Sherman, Colon.


The Reverted Property Unit said that in September they will discuss the first concrete investment proposal which they have received.

"According to a study by the Spanish consultancy C4T Tourism Business & Planning, Sherman could register investment of nearly $180 million.

A Quantum Leap for Tourism

April 2012

Nicaragua is ready to strengthen its tourism industry, refining its attractions both for the backpacking tourist who spends $50 a day, as well as the high end visitor who spends over $1,000.

After coming a long way since the 90’s, tourism in Nicaragua must now make a quantum leap and create a national brand in the minds of tourists with higher purchasing power, said Rep.