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

costadevelopers.com

Technology services and medical supplies firms are the most important.

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

The previous year, high-tech FDI (Foreign Direct Investment) 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.

Posted by Costa Developers

Costa Rica exports buses for the first time

A Korean-owned company Daewoo expects to sell 100 buses in the next two years.

Korean company Daewoo Bus Costa Rica Co. this week is sending the first six buses built in the country to El Salvador. That nation bought a total of 12 buses at a cost of $2 million. The other six will be shipped in January.

Last year, Costa Rica exported $280 million worth of auto parts, but this is the first time the country exports entire vehicles.

The Daewoo plant in Santa Ana, southwest of the capital, has a production capacity of some 300 units per year. Daewoo also is the leading brand of buses in the country, with nearly 36 percent of the local market.

This company is an example of how foreign direct investment contributes to the dynamism in the economy, the development of local suppliers and the transfer of technology and knowledge.

Posted by Costa Developers