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Panama’s continuing construction boom is attracting heavy equipment rental companies such as US-based Ameco, the enormous equipment rental business owned by Fluor. Panama’s mega projects such as the Panama Canal Expansion, the Panama City high rise boom, and Panama’s road projects all require heavy machinery. This need provides heavy equipment rental companies with a lucrative market. Panama’s investment in its infrastructure promotes jobs, growth, prosperity, and more investment. Expect to see Panama’s economic boom continue for years to come providing more investment opportunity.

Panama Business, Construction, and Foreign Investment

According to the KHL Construction related website, “Panama is attracting interest from domestic and foreign rental companies as it invests heavily in its infrastructure, including the Panama Canal. The widening and expansion of the canal is a US$5 billion project that will run until 2014, providing contractors and rental companies with a lucrative potential market, particularly for large machines.

“Augusto Boyd, managing director of Commercial de Motores (CDM), a Volvo dealer and rental company in Panama, told IRN that "The economy is very good. There are many things happening, including the Panama Canal project...I see a strong demand for heavy machines, above 50 t."

“Clarisa Chen, CDM's executive director, said the construction market is growing in other sectors as well - high rise buildings, earthmoving and roads; "so while there will be some fall in demand when the canal is finished in 2014, there will still be other projects too, especially in tourist infrastructure."

“Gary Bernardez, president of US-based Ameco, the enormous equipment rental business owned by Fluor, told IREN that "Panama is a high priority [for us] and we have moved quickly into that market given the infrastructure and canal work going on there. We do see long term rental of large equipment in [Panama] given [its] infrastructure focus."

Panama Investment Opportunities

Large, international companies have the structure, personnel, and capital to move into emerging markets such as Panama on a big scale. If you want to take advantage of Panama’s booming economy and are not a large international company what are your options? One “checkbook” option is an investment in emerging market funds such as Templeton’s new small cap fund that includes Panama companies. Then, of course, your profits are diluted by Templeton’s overhead. Another, more lucrative, option is real estate investment in Panama.

Not everyone has the expertise, not to mention the desire, to develop a business in a foreign country. Depending upon the type of business, paperwork might be a burden and local laws might become stumbling blocks. However, Panama real estate is not high priced compared to North America or Europe and Panama is growing at a faster rate. Investment in Panama real estate using the expertise of local companies such as ABPanama lets you tap into Panama’s economic success. ABPanama has more than 23 years experience managing real estate portfolios, helping you move in out of real estate investments in a timely manner. ABPanama can help you find a long term real estate investment that will provide lease payments for years to come.

Come to see us at ABPanama for our insights into Panama real estate investment.