U$ 300 million of 
foreign Investment 
for the next 4 years!!

According to the Nicaraguan Agency for Investment (ProNicaragua), in the next four years, Nicaragua expects an Investment that surpasses the 300 million dollar amount.

One of the sectors that is expected to receive more investment is the Free Zone sector. Textile is the fastest growing sector and up to this day it is in first place of investment in Nicaragua. 

For this year ProNicaragua expects more investment in construction, the making of electronic chips and auto parts.

For the future ProNicaragua also plans to obtain investment on tourism, agro industry and wood sector. (Source: La Prensa)  

Cerveceria Rio invests in Nicaragua! 

Gustavo Pimenta, General Director of Cervecería Río expressed that with the marketing capaign, they are officializing the companies investment in Nicaragua. According to plans Cerveceria Rios´ product (beer) will be in the nicaraguan market approximately in the month of august (2004).

Embotelladora Nacional, S.A. (Ensa) will be the company in charged of the distribution of the product throughout the country. In this respect, Pepsi's Commercial Director, Manuel Oliver, commented that Pepsi is very proud to be the distribution company of this product. (Source: La Prensa)

Hotel Investment in Corn Island

In December 2004 at the latest, Corn Island and Little Corn Island, located at the Autonomous Region of the South Atlantic of Nicaragua, will have a hotel that will promote tourism in the zone. The hotel will be built in an undeveloped zone and its cost will be 4.5 million dollars.

The hotel will have ocean view, according to the urbanistic master plan of the region that was designed by the municipality together with the Autonomous Region of the South Atlantic and the Institute of Tourism. (Source: La Prensa)  

International Banks invest in Nicaragua  

Development International Desjardins, one of Canada's biggest financial institutions (with more than 90 billion dollars in assets), decided to invest in Central America for the first time and became business partner with the nicaraguan micro financial institution Findesa, together with Holland's Hivos Triodos Fonds Bank and Interamerican Development Bank (IDB).

Findesa received 1.5 million dollars from the three financial institutions. These funds will help diversify Finesse's loans which represent more than 250 million cordobas (U$ 16 million dollars approx.). (Source: La Prensa)  

The third phase of Metrocentro Mall will be built!

Close to 10 million dollars will cost the investment for building Metrocentro Mall's third phase, in Managua. Metrocentro Mall belongs to Poma Group from El Salvador.

Ricardo Poma, President of Roble Group, announced that this phase will be as big as 18,000 square meters, and its construction will end on November 2004. (Source: La Prensa)  

New industrial plant in Nicaragua

Starting this year (2004), Nicaragua will have an industrial plant to produce chemical products that will be utilized to clean and disinfect foods. The construction of the plant will cost around two million dollars. OmniChem Canada will be the company to develop this project. The plant will produce chemical products to get the grease off, cleaners and disinfectants, etc. (Source: La Prensa)  

The biggest supermarket of Nicaragua

Thousands of consumers have now the option to go shopping to Nicaragua's biggest supermarket. La Colonia, in Carretera a Masaya. With an investment over 128 million cordobas (U$ 8 million dollars approx.) this supermarket is the biggest one in the country. (Source: La Prensa)