CAPAC Predicts 2010 Construction Sector Growth

Wednesday, December 09 2009 @ 09:19 am EST

Contributed by: Don Winner

By Zelideth Cortez for La Critica - Good prospects are expected in 2010 for the construction industry, announced the president of the Panamanian Chamber of Construction (CAPAC), Jaime Jované. "Despite the financial crisis we expect to finish out 2009 with a growth (in the construction sector) of between 2% and 3%, and we hope during 2010 we will see even better growth of between 4% and 5%, because the government has an aggressive investment plan," said Jované. He said in order to maximize this growth there should be a National Development Plan, which will turn into a state policy based on clear rules, so the expected growth in the construction sector does not conflict with the quality of life of the population. Jovane thinks with the implementation of the new Vice Minister of Housing and Territorial Development, the government will be able to define and improve many land use regulations for beaches, real estate systems, industrial areas, and to create areas geared toward the growth of the population, among others.

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