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Panama Expo Habitat Fair. The XXIX edition of CAPAC Expo Habitat, the most important construction fair in Central America and the Caribbean will take place from Wednesday 7 to Sunday, September 11 at the Atlapa Convention Center. It is expected that sale of real estate and other products will total more than $175 million.
The slogan of the fair this year is: “The Canal which connects the Development and Growth of Panama”. It is organized by the Panamanian Construction Chamber (CAPAC). The event will show the latest trends in finishings, design, heavy machinery and equipment, technology used by the industry, as well as housing and commercial projects with attractive financing proposals.
Alejandro Ferrer, president of CAPAC’s Fair Organization Committee said that the event will have more than 400 exhibitors who will show their products in an area of more than 16,000 square meters.
It is expected that more than 35,000 people, including buyers, investors, industry professionals and members of the public will visit Capac Expo Hábitat.
This year real estate companies and promoters will offer more than 500 single homes, apartments and land projects in neighborhoods such as Arraijan, La Chorrera, San Francisco, Juan Diaz, Rio Abajo, Betania, Pueblo Nuevo, Las Cumbres, Bella Vista, 24 de Diciembre, Pacora, the main districts of the provinces and beach, river and mountain areas.
Property prices start at $40,000. Buyers can obtain mortgages during the fair from 13 financial institutions. To obtain those loans they need to present a copy of their ID, CSS slip, payment stubs and a work letter for those who have a job. Self-employed workers should bring their last three income statements.
Ferrer said that four other events will take place within the fair. Among them is the Business Forum (Rueda de Negocios) which will take place on Thursday, September 8 at the Sheraton Hotel. This event was created to facilitate commercial exchanges between foreign and Panamanian investors who see Panama as the appropriate place to develop their projects.
Investors from the United States, Guatemala, Italy, Colombia, Costa Rica, Mexico, Venezuela, Canada, Spain, Chile and other countries will meet Panamanian businessmen and it is expected that total transactions will surpass $50 million, contributing to economic growth and Direct Foreign Investment (DFI).
The second activity is a cycle of technical conferences, which will update the ideas of construction professionals and new technology will be introduced.
The third event which is very popular with visitors is the “Do it yourself” workshops which teach participants the basic concepts of plumbing, masonry, finishes, designs, installation etc.
The workshops that will take place feature: installation of mirrors, shelves and ornaments in three simple steps; creating environments in your home; tips for the use of manual and electrical tools; how to eliminate leaks and filtrations in your home.
In addition, there will also be a safety course, aiming to minimize work accidents in construction projects. It is directed at students and professionals in the construction sector or any other visitor who thinks he has the appropriate knowledge to pass the course. At the end of it the participants will receive a certificate.
The subjects that will be discussed are: safe installations and operations in confined spaces, work in high places, basic security norms while working on scaffolding, and the importance of compliance with safety norms while working with high voltages.
Panama Expo Habitat Fair: Recycling project
For the second year in a row there will be recipients to collect paper, cardboard, aluminum and plastic for visitors and exhibitors
“The most important thing is that the rubbish will not go to a landfill and by doing this we are mitigating deforestation, and air, soil and water contamination,” said Ferrer.
The fair will be inaugurated on Wednesday, September 7 at 6:00 p.m., and will have the participation of government officials, mass media and special guests.
The Expo will be open to the public from Thursday, September 8 to Sunday, September 11. There will be free parking at the Instituto Técnico Don Bosco and free transport from that school.
Entrance costs $2.00, pensioners $1 and children under 12 who are accompanied by an adult can enter for free. The schedule of the fair is as follows: Thursday from 4:00 – 9: 30 p.m.; Friday from 4: 00 – 9:30 p.m.; Saturday from 1:00 – 9: 30 p.m. and Sunday from 12:00 – 8:00 p.m.