Real estate

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Macro market view at CAPAC construction fair

CAPAC is the construction industry´s biggest annual event.

CAPAC is the construction industry´s biggest annual event.

The construction industry is enjoying a boom in Panama and what better way to appreciate the development of this sector than CAPAC Expo Habitat 2013, the fair organized by the Panamanian Construction Chamber that showcases projects, products, goods, services, equipment and machinery. The fair will take place from Wednesday to Sunday September 11-15 at the ATLAPA Convention Center. Tickets will be for sale at the venue and cost $2.

Promoters and real estate developers will also be selling homes ranging from “social interest” low cost houses to luxurious properties located in beach, river and mountains areas, as well as the principal cities of the country.

This year around 400 companies will be exhibiting. Carlos Allen Arosemena president of the organizing committee of the fair said that it is expected that transactions in the region of $300 million will take place during the four days of the fair and that more than 42,000 visitors will attend.

Business networking meetings between the Panamanian companies and their foreign contacts are an important aspect of the fair. Businesses from Honduras, Guatemala, Spain, Italy, Venezuela, United States, Costa Rica, China and Colombia will be represented. There will also be technical conferences and “the do it yourself” workshop that aims to give visitors to the fair the necessary practical knowledge to do home improvement such as plumbing, plastering and decoration.

The fair will have an exhibition area to show equipment and appreciate their characteristics and their advantages. The demonstration area has stands and two illumination towers. There will be simulations of real situations that are common in the field. Anybody who considers that they have the knowledge to handle the equipment is invited to “have a go.”

The fair is open on Thursday 12 and Friday 13 from 4:00 p.m. to 9:30 p.m., on Saturday 14 from 1:00 p.m. to 9:30 p.m. and on Sunday 15 from 10:00 a.m. to 6:00 p.m. There is free parking and free transport at the Instituto Justo Arosemena in San Francisco. For more information call 265-2500.

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