Nestlé ready to open third world shopping hub and will be in Panama

Posted on 2017-03-24

Business Panama ImageAs announced in 2016, the Swiss multinational Nestlé will open its third world shopping hub and will be located in Panama.-

"If I am not mistaken they will be opening the shopping hu at the end of January, they are finishing up the offices, there are two in the world and the third would be in Panama," the Minister of Commerce and Industries of Panama, noting that he is the largest food company in the country generating more than 200 jobs.

The other two shopping hubs are in Malaysia and Switzerland. The offices of the shopping center will be located in the area of ​​Costa del Este where the other operations are located. Nestlé took advantage of the Law for Headquarters of Multinational Enterprises in Panama in 2015.

In Panama, foreign direct investment has grown 15% in recent years and by 2016 in the first half had grown by 6.5% compared to the same period of 2015, reaching US $ 3,018 million.

Source: ANPanama 

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