Investment in Panama, both multinationals and foreign, has increased considerably in recent years. For many companies, settle in Panama is a great advantage, because the country has many benefits, such as its location and its stability in the economy, among others.
Now is the turn of the Swiss multinational Nestlé, which has chosen Panama to open its third regional shopping center (as well as Switzerland and Malaysia). With this new center will serve the Latin American market.
Investment in Panama – Gogetit Highlights
* The Swiss multinational Nestle, known worldwide for its food and drink, decided to open a regional shopping center in Panama.
* Nestlé is considered the largest manufacturer of packaged food in the world, with a market value of U.S.$ 247 billion in May 2015 according to Forbes, and last year projected growth of 5% in sales.
* Still they have not been disclosed investment figures or the place where it will be located.
Nestle S.A., recognized food and drink multinational company based in Vevey, Vaud, Switzerland, is the largest food company in the world measured by revenue, which is ranked No. 72 on the Fortune Global 500 list.
According to company information, a regional shopping center will be established in Panama. This will be the third one (they already have one in Switzerland and one in Malaysia). Although it hasn’t being revealed the investment and the place to be located this strategic center, they would “have a range of services, including purchasing management of specific raw materials, packaging, indirect materials (which are not directly related with the manufacture of products) and other services.”
Also, the hubs also support the markets with the management of local expenses. Thus, investment in Panama will continue to increase, benefiting the economy and increasingly positioning Panama as one of the favorite countries to invest.