International investment in Panama has increased greatly and looks as if it will develop further….
According to KnightsbridgeInvest.com, “Panama Key in French Companies Operations”, there are a number of corporations that have moved or planned to move to Panama. Corporations including L’Oreal, Sanofi-Aventis (Pharmaceuticals), and Total (petroleum), GDF Suez (power generation) have all relocated to Panama. French investment already contributes more than $600 million to the Panamanian economy, and that number is estimated to reach $1 billion by 2010.
In addition to the French, a consortium of companies from Dubai have traveled to Panama, looking for investment deals. The company officials visited the country to investigate the development, laws and logistics of relocation.
The Tourism Authority of Panama is promoting Panama to over 178,000 people at one of largest trade fairs in the world in Berlin. The Authority will be promoting Panamanian culture and conservation efforts. The Panama Tourism Sector is estimated to have contributed about 12% to the national Gross Domestic Product. The Authority currently has 13 projects that have been approved by the National Registry of Tourism that will contribute over $400 million to tourism.
The development in Panama is significant to other parts of the world. Looking to relocate or move to Panama? Visit Panama-Land-for-Sale.com to see real estate and land listings for sale in Panama City and outer-lying areas like Portobelo. Click here for more information.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment