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Article: Foreign investors fuel Panama construction boom: Panama City is a hotbead for construction activity, creating a healthy market for paint and coatings.(International Coatings Scene: LATIN AMERICA)
- Article from:
- Coatings World
- Article date:
- February 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Panama City's skyline is being pierced by hundreds of new commercial and residential projects in what may be Latin America's fastest growing real estate boom, expanding by an estimated 25% during 2007, according to the Panamanian Chamber of Construction. The boom is expected to increase the demand for a wide range of construction materials, including paint and coatings, providing opportunities for U.S., Mexican and other Latin American suppliers.
Real estate investments are hot in Panama City now, particularly for upscale residential buildings, which are attracting foreign investors to a country where U.S. foreign investment already is estimated at over $25 ...