New Building Soars in
Panama Capital
Investments on
construction of new
buildings, expansions
and repairs in the
capital registered a
growth a 25 percent in
relation to the previous
year, 2006, sources
revealed.
Figures of the
Panamanian Chamber of
Construction indicate
that private investments
in capital neighborhoods
from January to
September 2007 rose to
882,897,628 dollars as
against 653,289,031
dollars for the same
period in 2006.
The same source
indicated that these
figures reveal a 25.96
percent increase from
one year to the next.
Residential investments
rose 21.11 percent, the
commercial sector
increased 45.61 percent
and land movement grew
117.14 percent, added
the Chamber of
Construction.
The value of new
buildings reached 76
million compared to 59
million in 2006,
representing an increase
of 29.58 percent.
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