Friday 5 March 2021

Construction in China: Opportunities for Costa Rican firms

Saturday, October 20th, 2012 – QNews Costa Rica | Source: Tico Times

Costa Rica is known worldwide as a tourist country. It has become one of the favorite destinations for hundreds of foreigners, not only to visit, but also as a place to live. This has created a new market that has caused the construction industry to grow incredibly fast during the last two decades. New architecture, engineering and construction firms have been born. Some have become so successful that they are currently competing in the international market.

However, these companies are challenged by international enterprises that also compete in the local market. Some examples of multinational foreign firms working in the construction industry in Costa Rica are Gensler Architects, Turner Construction and Emerson, among others. Most of these corporations operate in many other countries, providing them better opportunities to establish in bigger markets.

- Advertisement -

We have been exploring how Costa Rican architectural, engineering and construction (AEC) firms could introduce themselves into China, to create new businesses. Nowadays, the People’s Republic of China is a huge open market, which offers vast opportunities for the construction industry. The Chinese market can catapult these companies to an international level and boost them into larger competition to achieve bigger goals.

Fortunately, Costa Rica has new policies directed at promoting globalization and removing barriers to big markets. Costa Rica and China’s Free Trade Agreement entered into force on Aug. 1, 2011, making China the second largest trading partner for Costa Rica.

Today, the People’s Republic of China has a population of more than 1.3 billion, and 9 percent gross domestic product, maintaining steady growth since 1978. China has become the world’s largest foreign direct investment receiver from 2006, according to the World Bank.

Click here for the full story

- Advertisement -

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Islas Murciélago, unknown Tico paradise ideal for hikers and divers

Q TRAVEL - Located in the extreme north of the Pacific...

Drivers can use foreign license for 6 more months

QCOSTARICA - The Ministry of Public Works and Transportation (MOPT) announced...

MOST READ

South Korea company to conduct Costa Rica rail feasibility study

QCOSTARICA - Korea National Railway (KR) will conduct a feasibility study for the restoration of 98.3km of Costa Rica’s San José-Puntarenas rail line. The study...

The race to replace Carlos Alvarado in 2022

QCOSTARICA  - Twenty eight Costa Rican's are lining up who want the position that Carlos Alvarado when he leaves office on May 8, 2022,...

Tamarindo and Sámara received recognition for Tsunami preparedness

QCOSTARICA - For their preparedness to face tsunamis, the communities of Tamarindo and Sámara were recognized by the Junta Nacional Tsunami Ready de Costa...

50 years ago the San Carlos River was crossed by ferry and these were the rates

TODAY COSTA RICA - Before the Office of the Comptroller General (CGR), the rate agreed by the Municipality of the canton of San Carlos...

The Ultimate Guide to Moving to Costa Rica

Costa Rica is one of the world’s most desirable ex-pat locations and a retirement haven in Central America. The country is blessed with an...

Loans in dollars loses attractiveness for those who earn in colones

QCOSTARICA - Loans in dollars, which had a great boom in 2000, began to slow down since 2016 and today, despite the fact that...

97 labs test those who need to leave the country for covid-19 antigens

QCOSTARICA - Need to leave the country and require a test to detect SARS-CoV-2, the coronavirus that causes covid-19? The Cámara Costarricense de la Salud...

US Latin America Policy Won’t Change Much, New ‘Thaw’ With Cuba Can’t be Ruled Out,

Q REPORTS - U.S. President Joe Biden is expected to outline his vision of Washington's Latin America policy at the next Summit of the...

Costa Rica received a shipment of 110,000 vaccines against covid-19

QCOSTARICA - On Tuesday night, March 2, Costa Rica received the largest shipment of covid-19 vaccines, 109,980 doses from Pfizer / Biontech to continues...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.