PRONicaragua

The Government of Nicaragua signed a Memorandum of Understanding with the development company Andrade Gutierrez to begin feasibility studies for the construction of a modern port infrastructure in the South Atlantic of Nicaragua.

SCA Footwear Nicaragua S.A., a women's footwear manufacturing company, recently inaugurated its plant in Nicaragua, announcing a total investment of US$25 million in the country and generating 3,500 job opportunities since its establishment.

The Investment Promotion and Trade Facilitation Office signed a cooperation agreement recently with theUNCTAD in order to strengthen and foster domestic and foreign investment in Nicaragua through the development of the eRegulations program.

PRONicaragua will be participating in the Centennial Expo of the Republic of China (Taiwan), a multi-sectorial fair whose purpose is to to promote trade and investment between the two countries.

The Government of Nicaragua recently announced that the free zones sector reached a total of 92,000 jobs as of June 30th of this year, establishing a new record.

Nicaragua’s export procedures have been reduced due to the implementation of the Foreign Trade Integration System, which allows exporting companies to process custom procedures and paperwork from the convenience of their offices.

Nicaragua will be participating in the upcoming edition of MAGIC, the preeminent trade event of the international fashion industry, which hosts global buyers and sellers of apparel, footwear and accessories.

PRONicaragua recently announced it will be organizing the country’s premier investment forum titled Nicaragua, Let’s Grow Together!, in which it will showcase how the country has become an increasingly attractive destination for FDI.

The national shipping company Santé NICA Lines, S.A. recently launched its logistics services to the east coast of the United States, investing US$8 million in equipment and in the implementation of the Managua–Miami route.

Executives of PRONicaragua recently visited the Republic of China (Taiwan) by invitation of the government of this country, with the objective of meeting with companies of various economic sectors and promote investment opportunities in Nicaragua.