Panama is stepping onto the global tech stage with a bold move: a B/.105 million investment over five years to join the international semiconductor supply chain. The initiative focuses on assembly, testing, packaging, and design, with support from MICI and Senacyt, and collaboration from universities, private industry, and international allies. The government also plans to offer scholarships abroad and promote Panama at global tech events like Semicon.
President José Raúl Mulino emphasized the potential economic impact – a single semiconductor plant could create over 2,000 jobs and generate up to $2 billion in foreign investment, contributing as much as 2% to Panama’s GDP.
At the same time, Mulino announced a stronger partnership between the national government and the Panama Canal Authority (ACP). A new bilateral commission will align national infrastructure planning with canal projects. While the Canal remains autonomous, the goal is to coordinate on high-impact capital investments to support economic growth, job creation, and national logistics goals.
The government is also pushing environmental reforms. Landfills in Chame (Panama West) and Macaracas (Los Santos) are being closed due to contamination concerns, with waste redirected to improved landfill sites. The controversial Cerro Patacón landfill contract is under review for modification due to alleged irregularities.
In Colón, 540 new apartments will be handed over this week as part of the government’s broader social development agenda. The housing project includes commercial zones and 24/7 water services and is part of the administration’s promise to reinvest in underserved regions.
Panama also plans to adopt a national port policy, review longstanding port contracts like the one with Panama Ports, and enhance transparency in state infrastructure projects.
What This Means for Panama
These developments signal a major shift in Panama’s global ambitions. By aligning its maritime and industrial policies, Panama is positioning itself not just as a transit hub, but as a player in advanced manufacturing and logistics. For areas like Panama City and Panama Pacifico, this could translate into increased demand for industrial, residential, and commercial real estate.
Casa Solution will continue to monitor these economic shifts and their local impact. Reach out to explore how these changes may open new opportunities in Panama’s real estate market.
Contact us at Casa Solution Real Estate.
Date Written: August 1, 2025
