It was announced this week that British company, London & Regional Properties, is slated to transform the former U.S. Howard Air Force base in Panama into a new residential and commercial complex.
Howard Air Base closed in 1999 following Panama taking control of their Canal from the U.S.
The new complex is slated to cost $70 million and will be named the Panama Pacific Center. The Center is expected to create 20,000 new homes and 11 million square feet of commercial space. The project will create a new city within Panama City.
The project is slated to take 40 years and is expected to create 40,000 jobs. Financing for the project is slated to be over $750 million and has been put in place by UK Trade & Investment.
Panama is on the move! Panama’s economy is one of the strongest in the world right now. Are you thinking of moving to Panama or retiring in Panama? Check out our website at panama-land-for-sale.com for more information about living in Panama!
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