Panama’s Maritime Development Encouraging for Land Owners

According to Reuters, Panama can expect its business with shipping containers to increase up to 10% in the coming year. 

The volume of containers over the past three years are:

5.6 million containers in 2009

5.0 million containers in 2008

4.1 million containers in 2007

These numbers are more than double the volume of 2006.  This can be attributed, in part, to Chinese demand for goods.

Maritime authority chief, Fernando Solorzano is now calling for accelerated infrastructure and planning in order to meet the increasing demands of the maritime industry.

Currently, Panama plans on spending about $1.6 billion for future maritime upgrades, and possible dealings with China. 

These will be beneficial attributes for further land development in Panama.  Visit us today at www.panama-land-for-sale.com to check out our latest land and property investment opportunities!