(QCOSTARICA) — Walmart Mexico and Central America announced that it will be investing US$100 million dollars in Costa Rica this year, that includes the opening of eight stores and remodeling and purchase of equipment at many existing locations.

Costa Rica President Luis Guillermo Solis (left) with Carlos Arroyo.
Costa Rica President Luis Guillermo Solis (left) with Carlos Arroyo.

The announcement was made by senior vice-president and director general of Walmart Central America, Carlos Arroyo, during a visit by President Luis Guillermo Solís, who just got back from a promotion tour of the U.S.

“At Walmart we support the economic and social development of Costa Rica, we are a company committed to integrity and legal compliance. We invest in Costa Rica because we want to continue to open opportunities for its associates, suppliers and our customers, in order to have access to quality products and good prices,” said Arroyo.

The new stores will be five Masxmenos, two Maxipali and one Pali supermarkets.

The most recent new store opening was in Heredia last February providing jobs for 77, and due to open in two weeks is the new Mascxmenos store in Cuidad Colon, that will employ 64.

According to the company, the expansion for this year is expected to result in an increase in sales of 4.3% and generate 2.400 direct jobs in the country.

Closing the year, Walmart will have 13.400 employees and 227 points of sale (stores), service centers, and warehouse distribution centres.

Source: Elfinancierocr.com

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