Home to around one-quarter of the country’s population of 3.8m, Panama City, the capital, has been facing aggravating traffic congestion for some time. Strong economic growth has resulted in increased automobile purchases, domestic migrations from rural areas and a steady flow of international tourists and businessmen – all of which add pressure...
Ever since the country wrested control of the Panama Canal in 1999, economic development has taken on several new dimensions including the rapid growth of the logistics sector. The country’s location at the epicentre of trade in the region, growing presence as a hub for logistics and trade, relatively small size and influential financial sector...
A geostrategic location and the presence of the Panama Canal make Panama a natural centre for transportation and logistics. In fact, the transportation, logistics and communication sector combined is easily the largest contributor to GDP, a fact recognised by the current administration. In its Strategic Economic Plan 2010-14, the logistics...
A continued push to become a major transportation hub in the Americas goes far beyond Panama’s status as a logistics and trans-shipment point for goods traversing the canal. The government is also looking to establish the country as a major aviation hub, again drawing on its advantageous geographical position in the heart of the Americas. On top...
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