Panama has an extension of 75 420 square kilometres, located in southeastern Central America, bordered to the north by the Caribbean Sea, to the south by the Pacific Ocean, to the east with Colombia and to the west with Costa Rica. Has a population of slightly more than 4 million and presents a moder Ada population density, fifty-three inhabitants per square kilometer.
Over the past decade, according to World Bank data, Panama has been one of the fastest growing economies around the world annual average growth was 7 2 percent between 2001 and 2013, more than double the region’s average the Panamanian economy grew by 6. 1 percent in 2014, falling slightly to 5 8 and 5 4 percent at 2015 and 2016, respectively for 2017 the forecast remains at 5 4 percent, and is expected to increase to 5 5 percent for 2018.
In the medium term, there are good reasons to expect that Panama’s growth will remain among the highest in Latin America, from 6 to 6 5 percent with the second-line construction project and the additional traffic generated by the channel’s expansion. , public investment will also remain high in addition, private investment must remain strong.
High growth prospects in the coming years are also based on new opportunities for private sector-led growth in key areas such as transport and logistics, mining, financial services and tourism.
The Canal
Panama Canal connects the Atlantic Ocean and the Pacific through Central America through a maritime path of 77 kilometers in length circulates 6% of world trade with 140 routes coming from 1 700 ports of 160 different countries the channel is a point Gístico of reference and the great responsible that Panama can become the economy of Latin America that soon reaches the optimal levels of development.
The strategic development Plan 2015-2019 of the government is based on two pillars of inclusion and Competitiveness and includes five topics:
- Boosting productivity and diversifying growth.
- Improve the quality of life
- Strengthen human capital
- Develop infrastructure
- Support environmental sustainability, including management
Construction is the most weighted economic category in the first quarter GDP of 2017, when it represented the 16.7% of GDP and reached 1 601.8 million dollars, with a growth of 99.6 million dollars compared to the first quarter of 2016.
Metaldeza in Panama
Our firm is present in this great country collaborating in multiple projects one of them is the East Coast shopping center that has eighty thousand square meters of area destined to offices, commercial premises, Theatres, large public areas covered, an open-air auditorium and 2 500 parking spaces
Another Metaldeza project in Panama was an industrial warehouse in the Parque Sur polygon in the vicinity of Tocumen International Airport. We also participated in the construction of a bridge over the San Pablo River on the Panamerican Highway was the Bijácena Bridge with a length of 130 meters and whose assembly was made by launching and we participated in the construction of the building of Apartments Brisas del Rio and the Footbridges Tocumen International Airport.
We are currently conducting the construction of several schools, hospitals, shopping Centers..
