Panama is "Market of the Month" for October on the U. S. government's website www.Export.gov.
The report shows Panama economic growth and highlights the country's popularity as a business
and investment destination. There are numerous major project that will fuel economic growth.
Maritime Opportunities:
The Panama Canal expansion which is estimated to cost over 5 billion.
Port Expansion of existing ports costing over 700 million.
New port on the Pacific side located at the Canal entrance.
Energy Projects:
Twelve hydroelectric projects in the approval stage with an estimated investment of 680 million
over 5 years.
Two regional refineries under consideration that would have an investment of over 10 billion.
Brazil's Petrobras wants to process ethanol in Panama which is a pefect redistribution point
for ethanol moving between North, Central and South America.
Telecommunications:
Two new cellular concessions will be given in 2008.
Panama is developing the call center industry. Dell has a large operation.
Panama is a submarine fiber optic cable crossroads with five major cables passing through Panama.