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Follow on Google News | Nicaragua’s free zone sector ready for value-added processesGeneral Álvaro Baltodano, Presidential Delegate for Investments, recently stated that the 215 free zones companies currently operating in the country directly employ 103,000 people and 311,000 indirectly.
By: PRONicaragua Dean Garcia, Executive Director of the Nicaraguan Association of Textiles (Anitec, for acronym in Spanish), said that companies in this sector pay US$5 million weekly. The national banking sector is also integrated in the free zones sector, opening branches in industrial parks in order to assist workers and businesses, which last year exported products worth US$2.4 billion. According to Raul Rivas, Executive Director of the Nicaraguan Chamber of Private Free Zones, call centers are an emerging industry in the free zone market. There are 25 call centers and its staff provides various services, including customer service, according to PRONicaragua, the official investment promotion agency of Nicaragua. Other services offered by these companies include those related to technical support, telemarketing, loan recovery, business intelligence, software development and financial analysis. Additionally, Nicaragua’ Companies in this sector are also content with their experience in the country. In less than three years, Draexlmaier, a German auto wire harness company established in Nicaragua and attracted by PRONicaragua, has multiplied its personnel by 30 and is now preparing to double its industrial space. End
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