ExpoParks Panama 2024 Fuels Innovation in the Logistics Sector
Publcation date: September 2024.
At ExpoParks Panama 2024, industrial and logistics real estate leaders set the agenda, underscoring regional collaboration as a pivotal strategy for attracting global investment. Held from August 27 to 29, the ExpoParks Congress: Expo l Summit l Tour 2024 gathered more than 60 speakers and 700 attendees, establishing itself as the region’s premier event for Logistics Parks, Industrial Parks, and Free Trade Zones. Hosted at the Panama Convention Center, the event provided a platform to explore key opportunities and challenges facing the industry.
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A significant theme that emerged from the discussions was the shift from a Nearshoring model to Friendshoring, where countries in Central America and the Dominican Republic unite to create a collaborative bloc capable of drawing larger investments. This approach acknowledges that no single nation can independently attract the necessary investment flows, as illustrated by the semiconductor cluster, which requires an industrial and talent capacity beyond the scope of any one country.
The private sector has recognized that strategic alliances are essential for thriving in today’s global marketplace. Ricardo Fernández, Business Development Manager for the Americas at Gómez Platero, emphasized: "Logistics, industrial, and business hubs are on the rise. There’s unmet demand, and the growth in Central America for these programs will only become larger and more specialized."
Learn more about the new era in logistics here.
Attendees also examined the continuing impact of Nearshoring. Daniel Chacón, Editorial Director of Revista INversión Inmobiliaria, projected $65 billion in foreign direct investment for Latin America, with 60% destined for Mexico and approximately $8 billion flowing to Central America. This influx presents a unique opportunity to develop sustainable cities that elevate the quality of life for residents.
The event further highlighted the growing demand for flexible, multitenant logistics properties capable of adapting to tenants' evolving needs. Sustainable technologies, including solar panels and electric vehicle charging stations, are becoming standard features as the industry prioritizes long-term sustainability.
ExpoParks Panama 2024 concluded with a resounding message: the region is poised to lead the future of industrial and logistics real estate, leveraging its strategic location and a robust environment for innovation.
