In Guatemala, the first project to install a Special Public Economic Development Zone was approved, which will require a $14 million investment and will be on the Highway to Puerto Quetzal, Escuintla.
The name of the industrial park, which will be on a 150-hectare site and will house industrial, commercial and service sector companies, is "Michatoya Pacífico" and will require an initial investment of $13.8 million.
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The project, which is promoted by the company Administradora Logística del Pacífico, Sociedad Anónima
, was approved last week by the Board of Directors of the Zona de Libre Industria y Comercio
Santo Tomás de Castilla (Zolic).
Prensalibre.com reports that "... The focus will be mainly industrial, activity for which 93.67% of the project area will be allocated, in addition to trade, 1.71% and services 5.72%.
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"Juan Carlos Tefel
, president of the Guatemalan Chamber of Industry (CIG), said that "... these areas, like the one recently approved in Michatoya, are necessary to be able to compete with other countries both in attracting investment and in production for export. It is satisfying that Zolic leaves his traditional figure and these options are extended to the whole country.
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