Thursday, September 12, 2019

Panama promotes its digital free zone

The so-called "Silicon Valley" of the Central American country will require investments of US$38 million. It will offer specialized services in e-commerce, big data, blockchain, among others, which are expected to generate more than 1,000 jobs during its first year of operation. The lack of trained technical personnel will be a challenge to solve.

The government of Laurentino Cortizo estimates that the start-up of the BPO´s Panama Free Zone will require an initial investment of US$10 million, and US$28 million in a second phase. The complex will have an area of ??2.5 hectares, which will include a data center and infrastructure of Huawei, a central building, eight offices, and a higher technical institute specialized in education and training on technology and telecommunications.

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