Panama

In a country with over 60% of its electricity generation capacity powered by hydroelectric plants, renewable energy is no novelty in Panama. However, the need to diversify the generation base has led to interest in other technologies, especially wind and solar. Panama has good resources available for both. The average annual sum of global horizontal irradiance for the...

For many years Panama’s real estate market has been one of the fastest growing in Central America. This growth has been driven by a combination of factors, including the country’s prime geographic location; sustained economic growth, which has averaged more than 8% over the past decade; and the influx of foreign investment seen in recent years. The emergence of a middle...

Industry has not traditionally been among the largest sectors of Panama’s economy, which is based largely on services – especially transport and logistics, which make up more than one-fifth of GDP – but recently the sector has begun to benefit from the development of value-added services. A sizeable number of companies have in recent years begun trying to leverage Panama...

As one of the main challenges in Panama’s construction sector despite the rapid growth of recent years, many developers point to the process of issuing building permits, which has been fraught with delays and rising prices. Permit costs have risen significantly in some municipalities, such as San Miguelito, which raised them by 40% in 2015. The reasons given for such...

With its economy expanding rapidly, one of Panama’s key challenges is to provide public services for its inhabitants. From housing itself to sanitation and energy, these areas are providing a host of opportunities for construction through concessions, tenders and public private partnerships. Housing, especially at a social interest level, has become a government priority...