The Minister of Commerce and Industries, Augusto Arosemena Moreno, announced that the establishment of headquarters of multinational companies (SEM – as per its Spanish acronym) continued with extremely good results, closing 2017 with 20 new multinational companies with regional headquarters in Panama, for a total of 146 companies adding an investment of US$1,000 million dollars and 6,000 jobs.
Arosemena highlighted that the United States continues to be the country with the largest number of companies with regional headquarters in Panama, among which he mentioned large companies such as Boeing, McKinsey & Company Inc. and VISA – that were registered this past year. High profile companies were also registered, such as Panalpina World Transport, Hankook Tire Co., and Shanghai Gorgeous Investment Development Co., among others.
These good results confirmed investors’ confidence in the competitive advantages of Panama and the laws that promote investment. Foreign direct investment reached US$ 5,209.2 million dollars in the first half of 2017, which reflects a 15.9% increase compared to the same period in 2016.