The Nicaragua Institute of Tourism – INTUR announced that the country’s private tourism sector has demonstrated its confidence in the Government of National Unity and Conciliation by presenting 11 travel industry projects during the fist semester of 2009. The projects amount to over $68 million in investments that have been presented before the Incentive Board.

To date, the 11 projects have generated 1,055 jobs of which 717 are temporary and 318 are permanent.

According to Omar Oporta, Director of Legal Affairs at the INTUR, the entity’s Incentive Board will have approved over $100 million in project investment by the end of the year.

This projection could be even higher when taking into account the effects of the newly approved Coastal Law, the Retirement and Pensioner Law and the elimination of visa requirements. Investors presently perceive greater investment opportunities and legal guarantees in the country.

The majority of the projects approved to date by the Incentive Board are to be located in San Juan del Sur, Chinandega and Managua.

Source:  www.newsinamerica.com
Date: 09-07-09
Photos: www.intur.gob.ni

Fuente: centralamericagrapevine.com

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