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The construction boom in Panama City expands daily as local and international investments reach an all time high. The US $189M Coastal Way and New Vialidad projects will result in the refilling of approximately 26 hectares of the Bay of Panama. Photo by Seeta T. Shaw Roath

Panama Facts

Country Name: Republic of Panama

Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica

Total Area: 78,200 sq km

Population: 3,242,173 (July 2007 est.)

Government Type: Constitutional democracy

Chief of state: President Martin Torrihos Espino (since 1 September 2004)

Head of government: President Martin Torrijos Espino (since 1 September 2004)

Industries: Construction, brewing, cement and other construction materials, sugar milling

Natural Resources: Copper, mahogany forests, shrimp, hydropower

Exports - commodities: Bananas, shrimp, sugaar, coffee, clothing

Imports: $10.31 billion f.o.b. (includes the Colon Free Zone) (2006 est.)

Imports - commodities: Capital goods, foodstuffs, consumer goods, chemicals

Logistics center of the Americas emerging as a world leader
HEADLINES
  President Torrijos realizes vision for rapid ecomonic growth
  $8.2 billion budget proposal for 2008 stresses social development
  Panama's banking system stimulates local and international investment
  Panama's First Lady leads social development programs
  Canal expansion will double marine traffic and support services
  Panama and the United States pursue free trade
   
Panama International Merchandise Mart promises to be a global commercial city - the PIMM City
  Panama is the ideal location for PIMM
  Two merchandise marts will be established in the United States by PIMM - joint venture with the Rockefeller Group
  Katz builds the PIMM in the shape of a butterfly
   
  What has prepared Reynald Henry Katz to meet the challenges of a worldwide commercial chain of
merchandise marts?
  From youthful entrepreneur to global businessman
  Spain's H. Top Hotels and Resorts Group invests in five-star hotel in the PIMM city
  Katz estimates $434 million economic impact on the economy of Panama
   
  Braswell Shipyard prepares for increased demand as traffic through the Panama Canal increases
  Now is the time to invest in tourism products and services in Panama
  Advantages of doing business in Panama - A synopsis
  The real estate boom in Panama includes private and corporate investments

SPONSORS
PIMM
GEMSA
Braswell Shipyard
TEAM
Senior Writer
Seeta T. Shaw Roath M.Ed.
Project Director
Hemraj Ramdath EMBA
Business Development Director
Nadira C.A. Berry
 

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