Recession, What Recession?

Feb. 3, 2009 - PRLog -- During 2008, thirty new companies were established in the services, manufacturing, and medical device sectors in Costa Rica, $428.6 million was invested and 6,300 new jobs created.

Gabriela Llobet, manager of the Costa Rican Investment Promotion Agency (CINDE), which is responsible for attracting investment to the country warned that while 2009 will be more challenging as a number of other countries try to become more competitive, there are still promising signs for the forthcoming year.

The year has begun with the announcement of new investments from medical device companies:

St. Jude Medical, a U.S.-based multinational firm, will build and use a new plant to expand its production of heart valves. The $40 million investment will generate 500 jobs once the plant is in operation.

BeamOne has just opened its electron beam sterilization plant.

The digital production company avVenta also announced that it would invest $20 million on technology improvements and training for its 500 employees. The company expects to employ 2,000 people by next year.

The number of new companies formed in 2008 was 11 percent higher than the previous year.

James Cahill, Managing Director of Costa Rica Invest commented “whilst clearly the current global economic conditions are challenging, some countries are more affected than others. Costa Rica is hugely attractive for multinational companies as a result of its highly educated workforce and lucrative tax regime”

Judy Ferguson, Public relations manager for Costa Rica Invest adds “Costa Rica Invest offers an absolutely unique investment opportunity in Costa Rica, which is the principal emerging economy in Central America. Our development Di Pacifico Dos, offers the security of  teak, a much in demand tropical hardwood, growing on your zoned development land. As the economy of Costa Rica continues to grow and expand, the value of development land will continue to rise and our investors benefit twice both from the teak and the land. Better still our investors own the land and so can determine their own exit strategy to suit their needs and aspirations.”

Costa Rica Invest specialises in eco-friendly, ethical, high yield investments.  All projects are based in the best locations in Costa Rica, consisting of plots of development land with an environmentally friendly angle. Their current development in ‘Di Pacifico Dos’ combines a teak commodity investment traded in USD on plots of land zoned for development. With a double investment in locations where land prices are increasing rapidly, backed by a sound commodity that is constantly ‘growing’, is it any wonder they have so many repeat investors creating wealth naturally?


For more information, including high resolution images and case studies press only:
Judy Ferguson, +353 (0)1 272 4184, pr@costaricainvest.ie

For more information on Costa Rica Invest and their products:
http://www.costaricainvest.ie or brochure@costaricainvest.ie

# # #

Costa Rica Invest specialises in enironmentally friendly, ethically responsible, high yield investments, primarily in Costa Rica. Di Pacifico Dos is Costa Rica Invests current project investing in development land with the added value of teak trees.