Other public investment in large infrastructure projects in Panama are also improving the country’s future capacity for logistics, such as the Panama Canal expansion, the expansion of the Tocumen Airport and COPA connections, sea port expansion projects, a new land bridge over the canal and a wide array of new roads and highways. This sends a message to foreign investors that Panama is positioning itself to become the place for excellence in trade and logistics.
For these reasons, Galores, a Brazilian logistics company, decided to invest as much as $50 million dollars in a cold storage solution in Panama. The facility is projected to be the largest public refrigerated warehouse in Central America and the Caribbean, sprawling over more than 28,000 square meters with cold storage space for as many as 20,000 pallets.
With the services provided to customers covering the entire cold-storage process, warehousing, refrigerated trucks, product packing and shipping, this facility is changing the nature of handling perishable products in Panama City’s supermarkets and distribution centers.
Combining incredible trade potential with ever-increasing domestic and foreign investment in infrastructure projects that promote competitive logistics operations, Panama is positioning itself to fulfill its destiny as the premier trade hub of the Americas. The starting point for this transformation lies with this creation of a hub for refrigerated cargo.