• Costa Rica Coffee Guide

Foreign direct investment from high-tech companies expected to reach $574 million

December 12, 2012

Foreign firms from the high-technology sector in Costa Rica generated some $574 million and created 8,236 direct jobs in 2012, government officials said on Wednesday.

Foreign Trade Minister Anabel González and the president of the Costa Rican Coalition for Development Initiatives (CINDE), José Rossi, reported that these figures establish a new record for Costa Rica, as they exceed those obtained in 2011, when the country reached the highest numbers of Foreign Direct Investment (FDI) for the sector in the last decade.

The previous year, high-tech FDI was $470 million, and 7,728 new jobs were created.

One of the factors that helped achieve the record was the arrival of 40 new high-tech investment projects that set up operations in Costa Rica.

The new firms belong to the Technology Services, Life Sciences, Advanced Manufacturing and Clean Technologies sectors.

“Most of them come from the United States, India, Korea, Japan, Germany, Spain, England and Colombia,” González added.

You may be interested

Campaign to help families, businesses in Guanacaste
Business
1246 views
Business
1246 views

Campaign to help families, businesses in Guanacaste

The Tico Times - March 3, 2021

Costa Rican authorities this week relaunched a campaign to support businesses and provide meals to tourism employees who lost their…

24 travelers have been caught with falsified Covid tests: report
Costa Rica
1846 views
Costa Rica
1846 views

24 travelers have been caught with falsified Covid tests: report

The Tico Times - March 3, 2021

Twenty-four travelers have been penalized after presenting falsified coronavirus test results when trying to leave Costa Rica through Juan Santamaría International…

Panasonic to expand Costa Rica-based operations
Costa Rica
1814 views
Costa Rica
1814 views

Panasonic to expand Costa Rica-based operations

Alejandro Zúñiga - March 3, 2021

Panasonic will invest $10 million to expand its operations in Costa Rica, with the ultimate goal of replacing a production…