The complex will be developed in a 300 hectare area, which was purchased by Tocumen, SA for $109 million.
After the completion of the North Pier, the next projects planned by Tocumen are the airport city “Aeropolis” and the South Dock and Terminal, valued at approximately $750 million.
The "Aeropolis" project, consisting of commercial, hotel, and hospital infrastructure, requires around $400 million, while the South Dock and Terminal project is expected to cost $350.
Although all the details of the "Aeropolis" project, which will be developed in the 300 hectares that Tocumen bought for $109 million from the University of Panama, are not yet known, the number of companies interested in setting up in the airport city increases each month.
Panama begins the tourism fairs calendar 2012 by participating in Fitur, Spain. Fitur is considered the third most important tourism fair in the world.
During this event, the Panamanian delegation, headed by the Deputy Administrator of the Tourism of Panama, Ernesto Orillac, will hold some meetings with European operators who are interested in the country.
Customers from countries such as Ecuador, Venezuela, Colombia, and Central America have chosen Panama’s Banking Center to safeguard their funds because of the trust generated by local economy performance.
Savings from foreign clients in the financial system in Panama increased by almost 19% last year, compared to 2010. In November 2011, foreign deposits totaled $24,635,000,000, an increase of 18.78% or $3,895,000 more than in November 2010, when it was $20,740,000,000, according to data from the Superintendency of Banks of Panama (SBP).
The organization committee members of the 9th edition Panama Jazz Festival found itself facing a challenge: they had no authorization to perform their traditional open-air concert in the Cathedral’s Plaza, with which they put their final touch on the week of jazz.
Yesterday, the Department of Panamanian Heritage advised those responsible for the jazz festival that they needed to have a meeting in order to coordinate the performance scheduled for January 21st, because there are several projects currently developing around the Plaza using heavy machinery.
The fair will be held from January 12th through January 22th
With a pleasant climate and fresh scent of flowers, the doors of the majestic gardens are ready to welcome people to the Boquete Flower and Coffee Fair in the Province of Chiquirí. Elisa Miranda, President of the Board of the Flower and Coffee Fair, stated that his event is formed by a board of 11 institutions, six governmental and five civil societies, which year after year work collectively to carry out such event.
