China plays lead role in Panama’s first digital Free Zone

Ramón Martínez,

2,840Views 5Comments Posted 16/07/2019

Panama’a  first digital free zone which will be installed, in the  Brisas de Golf, district of San Miguelito, and will require an investment of $38.9 million dollars, according to government projections.

The complex is the first tangible approach between the Cortizo administration and the government of China, whose investments multiplied as a result of the establishment of diplomatic relations with Panama in 2017.

The complex, which will be built on an area of ​​2.5 hectares, was presented to the Cabinet Council by Ramón Martínez, Minister of Commerce and Industry, who explained that in the first stage $10.6 million dollars will be invested, and another $28.3 million in the future.

The financing of thefree zone, will be with the international Bank of China, and the Panamanian Global Bank.

In the explanatory statement, Martínez explained that the infrastructure will include a data center with servers and computer infrastructure designed by the Huawei company. In addition, it will have a central building and eight office buildings, an apartment hotel and a Higher Technical Institute specialized in education and training in high technology and telecommunications.