• Costa Rica Real Estate

Wal-Mart to invest $54 million in Nicaragua this year

May 16, 2011

Wal-Mart will invest $54 million in Nicaragua this year, the manager of the company’s Nicaragua operations announced Monday morning, according to Nicaragua’s El Nuevo Diario.

Vernon Narváez Valverde, manager of the Nicaraguan headquarters of Wal-Mart of Mexico and Central America, said the investment will include the opening of 14 stores throughout the country, including León and Estelí. The new sites will bring 400 jobs to the country.

“We have never before invested so much into Nicaragua,” Valverde said, adding that the decision to open the stores was “purely economic.”

When the new Wal-Marts open, it will give the country 73 total stores. Approximately 528 Wal-Marts operate in Central America. Wal-Mart announced in April that it would open 24 new stores in Costa Rica as part of a $160.5 million investment in the country.

You may be interested

Teens arrested worldwide, including Costa Rica, as police smash global pedophile ring
News
13 views
News
13 views

Teens arrested worldwide, including Costa Rica, as police smash global pedophile ring

AFP and The Tico Times - December 10, 2019

Seventeen people, most of them teenage boys, have been arrested in Spain for sharing images of "extremely violent" child pornography…

Pic of the Day: The golden orb weaver spider
Pic of the Day
140 views
Pic of the Day
140 views

Pic of the Day: The golden orb weaver spider

The Tico Times - December 10, 2019

Despite being completely non-threatening to humans, the golden orb weaver spider has acid-yellow spots and pincer-like legs, and can grow…

Costa Rica seizes cyanide and mercury in operations against illegal mining
Costa Rica
134 views
Costa Rica
134 views

Costa Rica seizes cyanide and mercury in operations against illegal mining

AFP and The Tico Times - December 10, 2019

Costa Rican authorities confiscated large shipments of cyanide and mercury, two highly toxic chemicals, in a series of operations against…

Do NOT follow this link or you will be banned from the site!