No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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

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

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.

Trending Now

Costa Rica Free Zones Lose Jobs for First Time in Seven Years

Employment in Costa Rica’s free-zone regime fell year over year in July for the first time in seven years, ending a long stretch of...

Argentine Hope Etcheverry Advances to US Open Second Week

Tomás Martín Etcheverry carried Argentina’s flag into the second week of the US Open on Friday, defeating countryman Mariano Navone 6-4, 6-4, 6-3 in...

Lawmakers Question Cuts to Quake and Volcano Monitoring Hours Before Uvita Tremor

Legislators on the Legislative Assembly's budget committee are challenging a reduction in 2027 funding for the scientific networks that monitor earthquakes, volcanoes and weather...

Costa Rica Route 1 Through Cambronero Closed Indefinitely After Truck Crash

One of Costa Rica’s main highways between the Central Valley and the Pacific remained completely closed today after a tractor-trailer crashed into a temporary...

Costa Rica Route 1 Closing Overnight at Río Barranca

Route 1 will be shut at the Río Barranca bridge from 8 p.m. Saturday to 8 a.m. Sunday while crews pull three RECOPE fuel...

Tico Time and Why Life in Costa Rica Doesn’t Always Run on Schedule

I don't want to hear about Tico Time. Where did that expression even originate? It has been around for at least the 35 years...

Costa Rica Supreme Court Considers Changes After Judicial Corruption Cases

Costa Rica’s Supreme Court has ordered a review of the rules judges use to determine whether suspects remain in jail or are released under restrictions as organized crime and corruption cases put new pressure on the justice system

Buying Property in Costa Rica – What Foreign Buyers Need to Know

Foreigners can own land in Costa Rica on the same terms as citizens, with one significant exception, and the country has spent two decades...

Costa Rica’s Gulf of Nicoya Communities Push for Greater Say in Protecting the Sea

Fundación MarViva has published two resources on the Gulf of Nicoya that together make a single argument: the people who have fished, gathered and...
L. Arias
L. Arias
Reporter | The Tico Times |
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel