Free Trade Zone Announces Ambitious Investment Plan
Wednesday, January 27, 2021
America Free Zone, located in Heredia, Costa Rica, plans to execute an investment plan in the next few years totaling close to $120 million and contemplates the implementation of electro-lane stations and the construction of new infrastructure.
Executives of the business complex informed that up to now they offer their clients 200 thousand m2 of space for business activities, but the medium-term plans are to add another 60 thousand m2.

The objective of the directors of America Free Zone (AFZ) is to turn the free trade zone into an intelligent business city, in which its clients can meet their main needs without having to leave the premises.

Learn more about CentralAmericaData's "Commercial Feasibility Studies".

Besides the new construction projects, AFZ will invest in the implementation of electric vehicles.

According to Elfinancierocr.com, "... complementary investments will begin with the acquisition of electric cars to transport clients and collaborators within the complex. Six electric gas stations will be installed and an electric bus will also be incorporated, with a continuous route throughout the business city."

Jose Benavides, general manager of AFZ, said that the objective is "... to move away from the free trade zone concept because people associate it with manufacturing or maquilas. We chose the concept of an intelligent business city because we want to develop all the services that can be found in a city. We already have a sports area, coworking, heliport, and we are working with other institutions to include improvements in the immediate surroundings."
Source:elfinancierocr.com
Source:elfinancierocr.com
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Free Trade Zones: More Companies and Industrial Parks
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In the Dominican Republic, approvals were granted for the development and operation of four new industrial parks, as well as the respective permits to install 12 new companies in free trade zones.
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The regulation for Special Public Economic Development Zones, which came into effect in Guatemala on February 4, establishes fiscal incentives for companies operating under this scheme.
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