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Posted by Maria Arias on July 17, 2017
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Spanish entrepreneurs explore opportunities in Panama’s construction sector

A group of Spanish entrepreneurs from the Spanish Confederation of Business Organizations (CEOE in spanish) met with executives from the Panamanian Chamber of Construction (CAPAC) to explore business opportunities in Panama.

The Spanish delegation, made up of 10 businessmen, was received at the CAPAC headquarters by its president, Iván De Ycaza, and his two vice-presidents, Héctor Ortega and Jorge Lara; The ex-presidents Jaime Jované and Gabriel Diez, and the Legal Director, Idelcarmen Pérez de Palma.

The CEOE brings together 1.8 million companies and is the interlocutor of the private sector with the Spanish public sector.

Some of the Spanish entrepreneurs have projects in Panama and others showed interest in exploring business possibilities in the country, and to know the status of the local real estate market. Iván De Ycaza, President of Capac, explained that the greatest potential is in the construction of infrastructure and housing for the middle sectors and those that take advantage of the preferential interest.

Currently, about 20,000 Spanish live in Panama and there are about 300 Spanish companies, mainly in the construction sector, based in the country with an investment of close to 2,000 million dollars, according to official data.