Nearshore Americas

Grupo Karim’s to Build Technology Parks in Panama and Nicaragua

Grupo Karim’s, whose Altia Business Park in Honduras has emerged as the epicenter of the country’s BPO sector – supporting over 4,000 services jobs,  is reportedly planning to build similar technology parks in Panama and Nicaragua. According to Spanish newspaper Estrategiay Negocios (E&N), the company has set aside $300 million for the project.

Construction of the park will get underway sometime next year, reported the paper quoting Grupo Karim’s CEO, Mohammad Yusuf Amdani, as saying. (Amdani is also pushing forward plans to finance bilingual education in public schools in San Pedro Sula, through a cooperative arrangement with the government.)

“These projects may take three to five years, the costs are similar to the Technology Park in Honduras , approximately $ 150 million,” said Amdani.

Altia Business Park in the Honduran city of San Pedro Sula is where a host of global call center players have located operations, including Stream, StarTek, Allied Global and KM2 Solutions.

E&N says Amdani revealed the information on his visit to Nicaraguan capital Managua, where he was attending the Central American Nearshore Conference.

Grupo Karim’s has recently expanded to Nicaragua acquiring textile company Cone Denim Mills in the Central American country. There are also reports that Grupo is building Altia-like technology park in Tegucigalpa, the capital city of Honduras.

Sign up for our Nearshore Americas newsletter:

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

Add comment