Sector of Lover comes back to life.
Signs with new projects and ongoing construction work give greater visibility to a sector that has historically It has always been a place of recreation.
The restaurant has been open for two years. Panama Convention Center and near it, construction has already begun on what will be the Panama Sports Hall of Fame and Museum.
Behind the convention center, in the space that used to be a bar and night club, a sign announces reactivation of this space.
He cruise portwhich is located at the end of the road, started its third season in September, although it is not yet finished.
For this period, 49 cruises are already booked and expected 70 thousand tourists.
New access road connecting Amador with Cinta Costera IIInext to the old Figali convention center, it has progressed 80% and should be functional in 2024.’
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CSS has hectares in Amador, land that has not yet been used.
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The expansion of the road, inaugurated in April 2017, cost millions of dollars.
The manager of the Tourism Authority of Panama (ATP), Denise Guillén Zúñigahe said that with the new convention center and cruise terminal alone, investment in the area is expected to increase.
“The Amador Causeway has great importance not only as an entrance to the canal, but also historically, for tourism and economy in general“, he stated.
The Panama Convention Center was the scene of 37 events in the first half of the year, with attendance of 55 thousand visitors.
The the projection is to exceed a hundred trade fairscongresses and meetings and 130 thousand visitors.
In addition to the gastronomy that characterizes the sector, with restaurants for all tastes, the manager of ATP revealed that investors approached with the intention build hotels.
Likewise, it continues to generate attraction towards sports tourismthe starting point for sports fishing activities, as well as the scene of national and international competitions in regattas, cycling, athletics and triathlon.
“There is constant communication with Administrative Unit for Returned Assets (UABR) for the attention of investors who want to establish themselves in the area, since it is a plan in force that will develop the private sector,” Guillén revealed.
At the beginning of the year, UABR reported that private investments in Amador exceed 70 million dollarswith direct revenue to the state of $30 million in rentals.
In an interview with this media at the end of last year, UABR administrator Fernando Paniagua reported that From 2021, they revitalized some areas that had not been maintained for more than 10 yearslike the Paseo de la Costanera, which represents the beginning of the road, between the Panama Canal Hotel and the Biomuseo.
Except, plans to save the old congress center Figaliwhich was used as a hospital during the pandemic and which the Ministry of Health has already returned.
The plaza, located next to the facility and behind the Panama Convention Center, is still used for performances international concerts.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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