New Economic Development Zone Endorsed
Friday, December 18, 2020
In Guatemala, the Miel Verde project, Special Public Economic Zone, was approved. In its first phase of development, it will require an investment of close to $4 million and will be located in the municipality of Río Hondo, department of Zacapa.
The new special zone will have a total area of 23,544 square meters, however, in the first phase only an area of approximately 5,173 square meters will be developed.

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Directors of Zona Libre de Industria y Comercio Santo Tomas de Castilla (Zolic), the entity in charge of authorizing the new projects, informed that companies from various sectors will be installed in Miel Verde." reviews that "... for the industrial area they will destine 47% of their installations, for commercial activities, 42% and for services, 11%. They plan to start operations in mid 2021 with the first user."

Byron Gaitan, Zolic's general manager, said that Miel Verde was authorized "... to operate for a period of 12 years, which can be extended, including the strategic project proposed by said entity."

Since the Zolic's regulations were modified, Miel Verde becomes the fifth special economic zone to receive the endorsement of the authorities, since Michatoya Pacífico, Santander, Zona Libre Quetzal and Puerta del Istmo had already been authorized.
More on this topic
Free Trade Zones: Green Light for New Investments
February 2021
The Panamanian government issued a favorable concept for the establishment and operation of five free trade zones in the country, which together project an investment of $22 million.
The free trade zones, which will develop diverse economic activities such as agribusiness, scientific research centers, storage of goods, international trade, fruit processing and agricultural production, among others, will be located in the provinces of Panama, Chiriqui and Herrera, informed the Presidency of Panama.
Economic Development Zone Begins Operations
November 2020
In Guatemala, the "Puerta del Istmo", a Special Public Economic Development Zone located in Pajapita, department of San Marcos, began operating.
In October 2019 CentralAmerica
reported that
Guatemalan authorities had approved the operation of a Special Public Economic Development Zone (ZDEEP) called "Puerta del Istmo"
. The complex located in San Marcos became the second EPZ to receive approval, as the first to be approved was "Michatoya Pacifico."
Second Economic Development Zone Approved
October 2019
The second project was authorized in Guatemala to install a Special Public Economic Development Zone, which will require an initial investment of $16 million and will be located in Pajapita, department of San Marcos.
"Puerta del Istmo" is the name of the industrial park, which will be on a 160-hectare site and will house industrial and logistics companies. In its first phase it will require a $4 million investment and in its second phase it plans to invest $12 million.
Free Trade Zones: More Companies and Industrial Parks
October 2019
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.
In the case of the new parks, these will be located in Boca Chica, Valverde, San Cristobal and Santiago, reported the National Council of Export Processing Zones (CNZFE).
Key entities
Zona Libre de Industria y Comercio
industrial investment
industrial sector
free zone
industrial facility
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