The province of Guanacaste is becoming the new business center in Costa Rica, since in this area there has been tremendous economic growth and competitive advantages in various sectors, such as services, industry and light manufacturing.
The government has promoted large investments to improve the infrastructure as well as the level of education, and therefore the residents are benefiting from tremendous job growth.
Investments of ¢176 billion colones during the last year have been made for the improvement of roads and aqueducts, and $10.3 million colones to renovate the Daniel Oduber International Airport in Liberia, which has helped to improve tourism and attract business investors to this area.
The commercial real estate sector has grown by 17% since 2012 and as of September 2017, there are almost 30 thousand square meters of retail, office, and light industrial space available.
The commercial real estate sector is booming, led by hotel and resort developments, as well as complexes of office centers, mixed-use projects, and educational and healthcare facilities.
The Solarium mixed-use industrial mega-park, with almost 1 million square meters of construction, was built and it is the largest of its kind in Central America, including offices, businesses, hotels and a university. It is located directly in front of the Liberia airport, and this complex focuses on serving the operations of companies throughout Guanacaste, including the Ad Astra Company, which is one of the main leaders in the development of the area.
Solarium has the benefits of a free zone, with tax exemptions, lower costs and faster import and export processes.
Liberia will have a new building that will house the operations of sixteen public entities, including the Ministry of Labor, the National Registry, the Judiciary, and the National Emergency Commission. The Liberia Municipal government will be housed in a 20 thousand square meter complex that will cost $16 million dollars.
During 2018, there will be significant new investments in the area, with the planned development of the Discovery theme park in Liberia, which will contribute approximately $1 billion dollars to the local economy and will generate around four thousand jobs.
Guanacaste has enjoyed tremendous business growth during the past few years and the trend is continuing for the benefit of all residents in the province as well as throughout the country.
The writer, Tom Rosenberger has lived and worked in Costa Rica for 25 years and he has acquired a wealth of knowledge about living and doing business in Costa Rica. If you have questions and would like to contact Tom click here.