Foreign Direct Investment Growth Forecast at 7.2%

November 25, 2005

MANAGUA – Foreign direct investment in Nicaragua this year is expected to reach $280 million, for a 7.2% increase from last year’s investment levels, according to investment promotion group ProNicaragua, as reported by the daily La Prensa.Last year’s foreign direct investment represented $261 million, up a whopping 29.6% from the year before, positioning Nicaragua second in Central America behind El Salvador.The biggest investment growth in Nicaragua has been registered in the areas of light manufacturing, tourism and construction of commercial centers and office parks.The main engine driving foreign direct investment is light manufacturing, or free-trade zones.Yet not all free-trade zone growth is in the area of textiles, despite receiving a boost in that area from the Central American Free-Trade Agreement with the United States (CAFTA).Free-trade zones are now starting to sprout in the areas such as call centers, as well as production of disposable medical products, billiards tables, and hydroponic products for vegetable cultivation. Preliminary data from the National Free-Trade Zone Commission shows the sector will generate between $780 to $800 million this year.

Facebook Comments

You may be interested

Gardeners of the forest: The danta
Pic of the Day
174 views
Pic of the Day
174 views

Gardeners of the forest: The danta

Alissa Grosskopf - October 18, 2018

Nai Conservation seeks to protect the endangered danta from growing human intervention. “We formed a collective, we believe in a…

Court rejects tax reform and asks legislators to eliminate four points
Costa Rica
996 views
Costa Rica
996 views

Court rejects tax reform and asks legislators to eliminate four points

Luis Fernando Cascante / Semanario Universidad - October 17, 2018

Costa Rica's Plenary Court has rejected the proposed tax reform bill in its current state and asked the members of…

30 protesters released from prison in Nicaragua
News
921 views
News
921 views

30 protesters released from prison in Nicaragua

AFP / The Tico Times - October 17, 2018

Nicaraguan President Daniel Ortega freed 30 political opponents on Monday, an action greeted with relief by human rights organizations. They…