Panama Pacifico

The government of Panama created the Panama Pacifico Special Economic Area under Law 41 of July 20, 2004, and with that as a base, the [http://www.app.gob.pa Agency of Special Economic Area Panama Pacifico] (APP) was created, acting as an independent entity for the administration, promotion, development, regulation, and proper use of the areas assigned to the Panama Pacifico region. The development goals set by the Panama Pacifico Agency (APP), at the start of the project, were:{{cite web|url=http://www.app.gob.pa/index.php?p=app|title=Panama Pacifico Project| accessdate=2016-09-05 |publisher=Agency of Special Economic Area Panama Pacifico}}

• 1,400 hectares in total
• 850 hectares for development
• 1.0 million m2 of commercial space
• 20,000 homes and apartments
• 40,000 jobs created
• Extensive parks, open spaces, and entertainment areas
• Malls
• Business and luxury hotels

The Panama Pacifico master-planned community will feature 20,000 homes in several neighborhoods: the Town Center (which includes current projects in Soleo, Mosaic, Nativa, Cëntriqo and River Valley), Woodlands, Kobbe Hills, and Puente Verde, among others. A downtown district, Town Center, will serve as a central point for retail, restaurant, and entertainment activities{{cite web|url=http://www.panamapacifico.com|title=A Unique Opportunity to call Paradise Home|accessdate=2009-07-28|publisher=PanamaPacifico.com}} surrounded by the natural environment of mangroves, wetlands, and tropical forests.

Companies that are set up within the area enjoy special tax, labor, and legal incentives. Many international companies are located in the heart of the Business Center while others have their own offices and buildings in the SEZ. More than 345 companies operate in the Special Economic Zone of Panama Pacifico.{{cite news|url=http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article1350425.ece|archive-url=https://archive.today/20070210061829/http://business.timesonline.co.uk/tol/business/industry_sectors/construction_and_property/article1350425.ece|url-status=dead|archive-date=February 10, 2007|title=UK developer wins $705m Panama contract| accessdate=2011-07-15 |work=The Times | location=London | first=James | last=Rossiter | date=2007-02-08}}{{cite web|url=http://www.panamaoffshorecenter.com/?cnt=29&nm=Panama+Pacific+Special+Economic+Area|title=Panama Pacific Special Economic Area|accessdate=2012-12-11|date=|publisher=panamaoffshorecenter|archive-url=https://web.archive.org/web/20120815235804/http://www.panamaoffshorecenter.com/?cnt=29&nm=Panama+Pacific+Special+Economic+Area|archive-date=2012-08-15|url-status=dead}} Several multinational corporations have already been located in Panama Pacifico, including 3M, DELL, VF, BASF, Samtec, and Caterpillar.

By the end of 2024, the development is set to finish the construction of the town center, Cëntriqo. This new development offers all type of amenities for students and families. The city plaza hosts businesses like Starbucks, Felipe Motta, Pink Buddha, and others. The developer has invested $700 million by 2021, international firms as well—particularly those involved in the maritime, light manufacturing, and technology sectors—continue to find Panama Pacifico an attractive option for their Latin American operations. More than 345 companies are now in operation in the Special Economic Area, including eight on the Fortune 500.{{cite web|url=http://www.panamapacifico.com/average-nine-companies-per-month/|title=Panama Pacifico Expansion Remains Strong; Average 9 New Companies per Month |accessdate=2012-01-29 |publisher=PanamaPacifico.com}}

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Panama Pacifico hosts several educational institutions, including:

• Lycée français Paul Gauguin de Panama, a private international school offering Pre-K through 12th grade. Classes are primarily in French, with both English and Spanish as second languages."[http://lfpanama.com/index.php/es/contacto/2013-09-10-21-10-56 Nuestra Ubicación] {{webarchive|url=https://web.archive.org/web/20150402140828/http://lfpanama.com/index.php/es/contacto/2013-09-10-21-10-56 |date=2015-04-02 }}"/"[http://lfpanama.com/index.php/fr/contacter/ou-sommes-nous Où sommes nous?] {{webarchive|url=https://web.archive.org/web/20150402144905/http://lfpanama.com/index.php/fr/contacter/ou-sommes-nous |date=2015-04-02 }}" Lycée français Paul Gauguin de Panama. Retrieved on 15 March 2015. "Dirección: Edificio 810, Ave. Ingeniero Way, Panamá Pacífico"
• [https://www.trail.edu.pa/about/mission-philosophy The Renaissance Academy of International Learning (TRAIL)], a private school for children from pre-K through 12th grade. Classes are in English.
• [http://www.howardacademy.edu.pa/ Howard Kids Academy] is a private school with preschool through 8th grade, including classes in English as a Second Language (ESL).
• [https://www.magendavidacademy.org/ Magen David Academy], a private school for children of the Jewish faith, offers pre-K through 12th grade. Classes are in English.
• [https://unicaribe.edu.do/ Universidad del Caribe], a four-year college. Classes are in Spanish.
• Universidad Tecnológica de Panamá, a four-year college. Classes are in Spanish.

There is also an airport. Visit https://en.wikipedia.org/wiki/Panamá_Pacífico_International_Airport

• List of former United States military installations in Panama

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• [http://www.panamapacifico.com/ Official website]

{{coord|8|54|54|N|79|35|58|W|display=title|name=Panama Pacifico (former Howard AFB)}}

Category:Populated places in Panamá Oeste Province

Category:Buildings and structures under construction in Panama