Panama's free zone regime adds new investments for $36.8 million The National Commission of Free Zones approved licenses for three new companies, dedicated to manufacturing activities, processing of finished or semi-finished products and logistics services, which will be established in Panapark Free Zone and Tech Valley, generating joint investments (initial and future) totaling US$ 36,8 million. Source: MICI Once in operation, the three companies will provide more than 180 jobs, both direct and indirect, contributing to the revitalization of the economy of the areas where the free zones are located, in this case the districts of December 24 and Veracruz, in the province of Panama. "The new investments in the free zone regime reflect the growing interest that Panama generates as a logistics and commercial hub. These initiatives will not only create employment opportunities, but will also strengthen our local economy. We will continue working to strengthen this key sector for
Panama Business News
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