Costa Rica with the Best Free Trade Zone in America
October, 2021.
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Rankings highlight the resilience of Coyol Free Zone despite the impact of COVID19
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The park obtained 11 new awards in the last month
Three global rankings, led by experts in attracting Foreign Direct Investment, determined that this 2021 Coyol Free Zone is the leading free zone in the region and a pioneer in issues of sustainability, environment and innovation.
One of the publications is the renowned international magazine fDi Intelligence, which for the fifth consecutive year highlights the work of the park by placing it in the Top 10 Free Zones in the World and recognizes it as the Best Free Zone in America. It is also awarded as the Best Free Zone for SMEs, Excellence for Environmental, Social Practices and Corporate Governance, as well as an honorable mention for the 2020 Sustainability Report, presented at the beginning of this year.
Another publication is The European, which designated Coyol Free Zone in a privileged position, naming it the Best Free Zone in Latin America and the Caribbean for the second consecutive year. In addition, it was awarded recognitions such as the Most Innovative Free Trade Zone of the Year and the Best Business Center for Life Sciences and Advanced Manufacturing.
“The awards obtained reaffirm the park's ability to compete at the highest level, with 31 companies that offer more than 16,500 direct jobs and productive chains that positively impact hundreds of small and medium-sized companies in Costa Rica, generating very high-value exports. added” indicated Carlos Wong, General Manager of Coyol Free Zone.
The publications base their recognitions on the opinion of prominent international juries made up of specialists in the free zone sector and the real estate industry, with extensive experience in Foreign Direct Investment analysis. The evaluation parameters take into account aspects such as human talent, efforts to protect the environment and quality of infrastructure.
Resilience and relief against COVID19
The third of the rankings that this year rewards Coyol Free Zone is Investment Monitor, an international publication of expert communicators in the real estate and foreign investment industry.
This media named the park as the 2021 General Winner of its ranking, accrediting it as the most resilient Free Trade Zone in the world against Covid19. In addition, it positioned Coyol Free Zone as the winner in: Environmental, Social Sustainability and Corporate Governance, COVID19 Relief Packages, Post-Sales Support and Support, as well as Digitalization and Local Impact.
These recognitions demonstrate the local impact generated by the free zone, as well as its capacity for adaptation that allowed it to continue working safely despite the pandemic.
After the arrival of COVID19 in the country, Coyol Free Zone was able to maintain the 15 thousand jobs it had and increase by 1,500 more new positions for a 10% growth in times of pandemic.
This is precisely one of the main characteristics of the park that the jurors point out, who value the high degree of specialization and commitment of the human resources in Coyol Free Zone and its impacts on education and opportunities for the communities.