Costa Rica will see revitalization of industry in 2013

This year 2013 promises to attract large amount of foreign investment which will be allocated to different sectors of the national economy.

The year 2012 was characterized in Costa Rica by the large influx of foreign investment and large buildings, offi-centers and hotels developments, not only in the tourist regions but also in the capital.

This year suggests that foreign investment will attract industrial, commercial, tourist and real estate companies. It includes also clothing shops, supermarkets, restaurants and others.

The Central Bank indicated that at the end of the year 2013 foreign direct investment would reach $2 250 million, which corresponds to a 2.27% above what was estimated in 2012.

Sectors where the investments will focus will be distributed in different sectors, for example 25% will be allocated to the sector of high technology, clean energy, and services that will be installed in zones. Residential projects will also be included in the sectors of Escazú and coastal as the Central Pacific and Guanacaste, establishment of shopping centers and hotels.

The real estate firm Colliers International, commented with outstanding artworks in the country that seek to end this year; in the 2011 consolidated the construction of 142 846 square meters and in 2012 about 964 103.

Sonesta Hotel and Casino aims to be the most significant hotel development of the greater Metropolitan Area and is scheduled to open in the first half of the year; with an investment of 40 million dollars and 171 rooms at 1500 square meters.

In Guanacaste is also expected to inaugurate the hotel Andaz papaya and San Jose Hotel Park Inn three stars.

The Director of the Costa Rican Coalition of Development Initiatives (CINDE), said is expected to consolidate at least 30 projects in the areas mentioned above for the next twelve months. This investment not only stimulates the economy but that in turn works as important generation of employment.

Posted by Costa Developers

Costa Rica, the best destination for investment in services in Latin America

Costa Esterillos

Costa Rica is number one destination in Latin America for investment in services and also the thirteenth in the world, according to information from Costa Rican official sources, and global consultancy Tholons.

CINDE (Coalition for development initiatives), entity responsible for attracting investment to Costa Rica, said in a press release that this Central American country stood out as the best in the region in the list of the 100 best destinations for outsourced services of Tholons operations, in 2013.

The classification is carried out by specialists in business and reflects the dynamics and development of countries as venues for service companies.

The best destination for investment in services in the world is India, with cities such as Bangalore, Mumbai; followed by Philippines, Ireland, Poland and China.

In the Latin American region the destinations more attractive to this type of investment are Brazil, Chile, Colombia, Costa Rica and Argentina.

In accordance with Tholons, Costa Rica showed an improvement of five positions in the index with respect to the 2012 and has established itself as a key player in the industry of corporate services and technologies of information in the Latin American region and in the world.

Consultant firm says good part of the Costa Rican success is due to the strong promotion of the sector of information technology and outsourced corporate services (outsourcing).

Anabel González, Minister of foreign trade, expressed her satisfaction at the "international recognition that this index gives the country in an industry that has become a key piece of the national economy".

For its part, the general director of CINDE, Gabriela Llobet, clarified that the listing of Tholons clearly reflects the great progress that has been Costa Rica as the venue for high value-added service operations.

"Today compete directly with locations very strong industry all over the world such as India, Malaysia, Poland and Ireland," said.

Posted by Costa Developers