Logistics Parks Overview
Local developers and foreign investors are establishing logistics parks in Panama leveraging the existing multimodal facilities and the country’s connectivity to the different regional markets. Near to the ports of Manzanillo and Colon Container Terminal, and the Colon Free Zone, the MIT Logistics Park develops an integrated model that allows expedite reception, clearance and dispatch of cargo, specialized warehousing and cross docking services, value-added operations and a wide array of transportation services that connect to the most important markets of both hemispheres. Five companies are established in the park that have more than 66,000 m2 of warehouses and operation areas.
One area where logistics operations are developed is the Costa del Este Industrial and Commercial Park. Located in Panama City adjacent to the South Corridor, this park has 65 companies operating within a closed area of 20.5 hectares and comprehensive security controls in order to offer their services to national and international clients. Other logistics park initiatives are being developed in order to leverage the benefits that the country offers to global markets.
Other important projects such as Parque Sur, Las Americas Industrial Park, Panama Logistics Park, and Global Business Terminal, and located at the eastern side of Panama City, promise to develop a trading and logistics platform leveraging the availability of land in the area, close access to an international airport and connectivity to ports and special economic zones.