Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

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San José, Costa Rica Opportunity for Medical Devices Industry, Advanced Manufacturing and Service Sectors in Costa Rica

Transcript of Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

Page 1: Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

San José, Costa Rica

Opportunity for Medical Devices Industry, Advanced Manufacturing and Service Sectors in Costa Rica

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Table of Contents

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1. Costa Rica General Information 2. Investing in Costa Rica

2.1 Proven track record2.1.1 Multinational Corporations2.1.2 Foreign Direct Investment

2.2 Business Climate2.2.1 Stability2.2.2 Economic Growth2.2.3 Incentives

2.3 Strategic Location2.4 Workforce

2.4.1 Key Information2.4.2 Rankings2.4.3 Sectors

2.5 Infrastructure2.5.1 Telecommunications2.5.2 Energy2.5.3 Water2.5.4 Ports2.5.5 Roads

2.6 Quality of Life3. Sectors

3.1 Medical Devices Industry

3.2 Advanced Manufacturing3.3 Services

4. Major Free Zones in Costa Rica

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Costa Rica General Information

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Official Name: Republic of Costa Rica.Capital: San JoseLocation: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Nicaragua and Panama.Government type: Democratic RepublicPopulation:4,133,884 (July 2007 estimate)Area:19,730 square miles (slightly smaller than West Virginia).Languages: Spanish (official), English.

GDP Per Capita: $ 5,776 (2006 estimated by PROCOMER).Currency:Costa Rican colon (CRC).Labor Force:2.01 millions of peopleUnemployment Rates: 4,6%Interest rates: 10,50%Educational AttainmentThe literacy rate in Costa Rica is 95%.

Costa Rica General Information

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Investing in Costa Rica

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Some of the multinationalsthat have selected our countryas one of the best manufacturingor corporate service sitesin the world

2.1.1

Proven Track Record: Multinational Corporations

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Foreign direct investment in Costa Rica has grown considerably during the past 20 years . During the early 80’s the free trade zone regime was established; this served to attract a new wave of multinational companies, which currently use the country as an export platform of goods and services to the world.

Foreign investments in the manufacturing industry have set the standard since the early nineties, followed by other sectors among which food products, financial services and tourism stand out. The change in the structure of foreign investments replicates the progress in the economic development of the country where the secondary and third sectors acquire greater importance as an economy grows. This is also reflected in the structure of exports, where after being comprised of primary and textile products, they now include an important portion of products with a high technological component. In fact, currently traditional export products such as bananas and coffee have continued their growth in volume and value; however, their relative weight has shifted from 60% of exports to 15%. On the other hand, high-tech exports represent roughly one third of the total exports and today, the first and third most exported products of the country belong to these types of industries.

2.1.2

Proven Track Record: Foreign Direct Investment

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2.2.1

Business Climate: StabilityThe economic, political and social stability of Costa Rica is one characteristic that has distinguished it through its entire contemporary history and one of the most important strengths that have enabled it to reach great success in alluring foreign investors.

The Costa Rican government is ruled by a series of constitutional controls and balances. The executive responsibilities rest on the President, who is at the center of power, and is supported by two Vice-presidents and his cabinet. The President and Vice-presidents, and 57 Congressmen of the Legislative Assembly, are elected every 4 years. In addition, the country has a strong legal system that manages the ‘judicial power’, which ensures law compliance and covers nationals, as well as foreigners, within the country’s territory.The last World Bank survey for Global Governance Indicators ranks Costa Rica in the first place within Latin America for political stability .

Costa Rica has a long tradition and stable democracy, which is recognized worldwide and has over 115 years of history.The country has no limitations on capital funds transfers associated with an investment, regardless of the currency. No restrictions are imposed on re-investments or on repatriation of earnings, royalties or capital. In addition, there is no requirement to register investments with any of the government authorities.Costa Rica has achieved international standards for IPR protections and a stronger upgrade is expected with CAFTA implementation.

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2.2.2

Business Climate: Economic GrowthThere is no doubt that one of the pillars of the Costa Rican economic development has been trade liberalization, which has allowed exports to surpass its 30% ratio of GDP in 1980 to a current 50% rate (includes exports of goods and services). Furthermore, this trade liberalization has been coupled with a series of structural changes, and has pushed towards a productive transformation that has lead to factor productivity growth, diversification of the economy, and a higher level of investment. The real GDP has been increasing in a compound annual growth rate of 5.3% since 1991 .

These decades of peace and democracy, stability and economic growth have been translated into important social achievements. In this sense, a relevant fact was that in the last 20 years poverty was reduced from 40% to less than 20%. Costa Rica has passed on to occupy one of the highest levels in educational and health attainment in Latin America, which is also one of the best in the world. Furthermore, it has been able to provide road access to services like health, social security, water and basic services for the entire population

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2.2.3

Business Climate: IncentivesInvestment incentives are available for activities directly related to the export of services and/or products from Costa Rica.The Free Trade Zone Regime grants beneficiary companies the widest range of benefits currently available in Costa Rica. Among the fiscal benefits granted under the provisions of the Free Zone Legislation (Subject to international treaties) are:• 100% exemption on import duties on raw materials, components and capital goods;• 100% exemption on corporate income taxes• 100% exemption on export taxes, local sales and excise taxes, and taxes on profit repatriation;• 100% exemption on capital taxes;• No restrictions on capital/profit repatriation or foreign currency management;• Expedited on-site Customs clearance;• Possibility to sell to exporters within Costa Rica;• Possibility of selling up to 25% in the local market and 50% if in services sector.Costa Rica currently has several industrial parks located in the Greater Metropolitan Area.

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2.3

Strategic LocationCosta Rica is your platform to the world. The country’s time zone coincides with the US Central Standard Time Zone (GMT -6).

With ports on both the Pacific and Atlantic oceans, it serves as an operations base for world markets.

Our country is permanently committed to improving market access for Costa Rican products by means of trade liberalization. In recent years, Costa Rica has signed free trade agreements with Mexico, Canada, Chile, Dominican Republic, Central America, and the Caribbean Community, and DR-CAFTA should be fully implemented by October 1st, 2008.

We have also started negotiations with the European Union, where right now we have preferential access through the Generalized System of Preferences, and have already started conversations with China.

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2.4

Workforce

Our people make the difference. Costa Rica has one of the highest literacy rates of the American Continent (95%). The abolishment of the armed forces in 1949 freed resources that have been invested in education and health services for the population. Education is mandatory until the 9th grade and places strong emphasis on computers and English since early grades.Costa Rica has a population of 4.4 million people, 34% are between the ages of 15 and 45 years old. The labor force is 2.01 million people with an unemployment rate of 4.6%. The universal health care and education system have been the pillars for the national stability.

The National Training Institute (INA) offers free technical training in many fields. Several technical schools and universities prepare professionals with the highest international standards. These institutions offer various levels in electronic, electric, mechanical, and process engineering.

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2.4.1

Workforce and Population Key Information

Population as of July 2007:

-4.44 million-34.2% of population is 15 to 35 years old-Annual population growth: 2.1%

Labor force 2007: 2.01 million

-Unemployment, July 2007: 4.6%-Underemployment, July 2007: 7.4%-Annual labor pool growth: 3.7%

Universal Health Care and Education System

-Pillars for the national stability-6% of the GDP is allocated to education

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Workforce: Percentages of Population Living in the Greater Metropolitan Area

55 % of thepopulation62 % of thetotal labor force

2.4.1

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Workforce: Educational System and Literacy Rate Rankings

2.4.2

Source: World Economic Forum.The Global Competitiveness Report 2007 -2008

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Workforce: Availability of Scientists and Engineers Ranking

2.4.2

Source: World Economic Forum.The Global Competitiveness Report 2007 -2008

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Workforce: Degrees completed (Population over 15 years old)

2.4.3

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Workforce: Degrees completed (Population over 15 years old)

2.4.3

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Workforce: Total diplomas granted at private and public universities

2.4.3

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Workforce: University Graduates in Business, Economics and Accounting

2.4.3

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Workforce: University Graduates in IT

2.4.3

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Workforce: University Graduates in Civil, Mechanical, Industrial, Electric, Electronic, Chemical and Agricultural Engineering

2.4.3

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Workforce: University Graduates in Life Sciences

2.4.3

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Workforce: Other Qualifications

2.4.3 •Quality Standards•ISO’s: 13485, 9001:2003, 14000•GMP’s (lean, six sigma, JIT, 5s)

•Experience working in a clean room environment(class 100/10.000/100.000)

•Capable of handling FDA approved Class III devices

•Friendly and stable workforce

•Multilingual

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Infrastructure

2.5Costa Rica has an abundant water supply, reliable hydroelectric power, and an advanced telecommunications system. With regards to transportation, Costa Rica has an extensive highway system, two major international airports and two seaports. All major U.S., European, and Latin American passenger and cargo carriers provide service at very competitive rates.

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Infrastructure: Utilities Infrastructure

2.5 Telecommunications:

1. Redundant fiber optic submarine cables (Maya and Arcos; Pacific Global Crossing)

2. Satellite and terrestrial microwave network in place to meet demand in fixed, mobile and Internet services.

Clean and redundant energy: 92% is generated from renewable sources (hydroelectric, geothermic and wind).

Abundant water supply.

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Infrastructure: Projects Currently in Progress

2.5.1

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Infrastructure: Submarine Cables

2.5.1

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Infrastructure: Fiber Optics Networks

2.5.1

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Infrastructure: Market Openness to Telecommunications

2.5.1Law will allow participation of new companies in: Internet services, cellular phones and private networks.

The government will regulate rates and service quality through two organizations:

ARESEP –responsibility for regulating all public services in the country

SUTEL –technical responsibility for regulation of the telecommunications sector

Universal access, universal service and solidarity in the telecommunications services will be guaranteed by a special fund, managed by SUTEL (FONATEL).

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2.5.1

Infrastructure: Telecommunications

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Infrastructure: Private sector production of electricity

2.5.2•Ten years ago the production of electricity by private companies represented 9% of the total production for the country. By 2007 this amount had doubled. (Source: ARESEP)

•To date, the private sector has invested close to $950 Million in projects for electricity generation, with an installed capacity of 310 MW. (Source: ACOPE)

•During the last decade, the electrical supply capacity from private generators was diversified with 100 MW of hydroelectric energy, 27.5 MW of geothermal energy, 46.2 MW of wind energy, and 14.5 MW of thermal energy. (Source: ARESEP)

•More than 200 MW will start operations in the next three years, comprising close to 25% of the electricity generation capacity of the country. (Source: ACOPE)

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Infrastructure: Historical Rate Increases Less than the inflation rates for the same period of time(10% per year in CR Colones)

2.5.2

The rate in US $ has increased, on average, 2% for the same period of time.

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Infrastructure: Energy Projects

2.5.2

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2.5.2

Infrastructure: Electricity Rates

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2.5.3

Infrastructure: Water Rates

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Infrastructure: Airports and Maritime Ports

2.5.4Two major international airports and more than 30 regional airports.

International airports:

1. Juan Santamaria International Airport (SJO), located15 kms (9.3 mi) from the capital city of San José.

2. Daniel Oduber International Airport, located in the city of Liberia, Guanacaste.

Two major international ports:

1. Caldera (Pacific Ocean)

2. Moin(Caribbean Sea).

Seven customs offices for the foreign trade activity: on the border points with Panama and Nicaragua, on the Atlantic and the Pacific ports, at the Juan Santamaria International Airport and the rest are located in different points in the country.

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Infrastructure: Roads (Primary, Secondary and Terciary)

2.5.5

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InfrastructurePrimary, Secondary andTerciary Roads on the Greater Metropolitan Area

2.5.5

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Infrastructure: Road Network

2.5.5

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2.6

Quality of LifeCosta Rica is an active member of the international community, and its record on the environment, human rights, and advocacy of peaceful settlement of disputes gives it a weight in world affairs far beyond its size. In 1983 the country proclaimed its permanent neutrality, and later in 1987, President Arias was honored with the Nobel Peace Prize. The country lobbied aggressively for the establishment of the UN High Commissioner for Human Rights and became the first nation to recognize the jurisdiction of the Inter-American Human Rights Court, which is based in the capital city of San Jose.

In addition, Costa Rica is well acknowledged as one of the most important tourism destinations by many specialized media.

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Sectors

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3.1

Medical Devices IndustryThe medical devices sector began its development in Costa Rica in 1987, when Baxter Healthcare decided to install a manufacturing operation. Today, the medical devices manufacturing industry in Costa Rica is composed of 25 companies, amongst which are world leaders such as Hospira, Boston Scientific, Cytyc-Hologic, Arthrocare, Allergan and Coloplast. Costa Rica’s human capital is its number one strength. This is the main reason why the medical industry has been able to continue growing. The sector has expanded to 25 companies and employs 6,300 people.

The medical devices industry is the 4th biggest exporting sector in the country; its exports have grown 3 times faster than the rest of free trade zone exports. In 2007, it exported $766 million and attracted $150 million in FDI .

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3.1

Medical Devices Industry: Subsectors in Costa Rica

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3.2

Advanced ManufacturingCosta Rica’s success in attracting foreign direct investments into the advanced manufacturing sector relies on a combination of factors: a well educated, multitask and productive workforce at all levels from operators to engineers and management, positive cost/benefit relation, reliable infrastructure, friendly-business environment and a committed government to make things happen.

From a couple of pioneer companies established during the late 70’s, the industry stands today as the largest contributor to the country’s manufacturing output, capital investment and exports. Along with these pioneer MNCs there are currently 45 companies employing 13,000 direct people and with exports of US$3,036 million in 2007.

Over the past 20 years the country has implemented a number of policies and programs to diversify its exports. While in 1985 60% of the exports were perishable products, in 2007 they comprised only 15% of all exports while electric and electronic components comprised 33% of total exports

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3.2

Advanced Manufacturing

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3.2

Advanced Manufacturing: Subsectors in Costa Rica

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3.3

ServicesChoosing the right location for a service operation requires considering many critical factors, such as: availability of a highly ethical and skilled labor force, strategic location, a good technological infrastructure and a stable political and economic environment.

In a recent A.T. Kearney survey, Costa Rica was classified among the 50 best countries in the world to establish offshore operations, based on an index that considers people skills and availability, as well as the business environment and its financial structure. Costa Rica is cited as a country that “has a relatively small but skilled workforce. Its social democracy has instilled policies such as universal public schooling, health care, and a national pension system. The adult literacy rate of 94.9 percent and human development index score of 83.2 demonstrate the country’s progress in people development and quality of life.” (A.T. Kearney; Destination Latin America: A Near-Shore Alternative, 2007).

During the last 10 years the service sector has grown from 1 company that started operations in 1995 to 15 new companies starting operations during 2006 and 2007 , for a total of 61 companies and 20,000 employees in 2007.

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3.3

Services

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3.3

Services

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3.3

Services: Subsectors in Costa Rica

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Major Free Trade Zones in Costa Rica

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4.1

America Free Zone

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America Free Zone

The America Free Zone started in February 1999. It is strategically located on the well known technological hall of Costa Rica. The AFZ has an area of 27 hectares.

America Free Zone works under the mission of giving the best service under international quality standards in accordance to environment protection, providing added value to your activity in benefit of the development of Costa Rica. The park has prestigious clients such as:

Hewlett Packard S.A. Menchhofer S.A. Alienware Corporation S.A. Fábrica Intl. de Encajes S.A Stream S.A. BPO International S.A. Teradyne de C.R. S.A. Dakota Imaging S.A. Seton Sentra S.R.L. Via Information Tools S.A.

Location

America Free Zone has many advantages, among them, its location, since it is right next to the General Cañas Highway (Panamerican). This location allows you to be at only 10 minutes from the Juan Santamaria International Airport and at less than 100 miles from the Atlantic and Pacific ports. AFZ is located between the tree main provinces, San José, the capital city, Heredia and Alajuela, where lives the majority of total population of C.R. Hotel facilities are nearby. Marriott Hotel, Melia Cariari Hotel, and the Plaza Ramada Herradura Hotel are located at less than 2 miles from the industrial zone.

4.1

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America Free Zone

Infrastructure

Efficient on buildings construction designed and manufactured by world-class providers US and European standards Design under the Seismic Code 2002 (newest seismic code) Enough parking spaces available according to our clients’ requirements.

Park Utilities

Connected directly to Intel Power Substation. Power and Telecommunications Redundancy. Residual water treatment plant.

Services

Maintenance and cleaning of exteriors and common areas. Fiber Optic node. Normal waste collection. 24-hour external security.

4.1

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Coyol Free Zone

2.24.2

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Coyol Free Zone

Coyol Free Zone, the largest and the most modern high-tech business park in Central America, is located in the province of Alajuela, Costa Rica just 4.5 miles west of the SJO International Airport. This state-of-the-art park is spread over 107 hectares (246 acres) of prime real estate and already boasts 400,000 square meters (4, 305,000 sq ft) of world-class facilities.

Some of the park’s clients are: Hologic, Continental and Beam One LLC

2.24.2

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Coyol Free Zone

Location

The location of Coyol FZ is at the west side of the Great Metropolitan Area, close to the International Airport and two main highways, which offers easy access to over 900,000 inhabitants.

Infrastructure

The sections were designed as a Business Park to support the needs of services companies and a High Tech Park for international manufacturing operations. The buildings respond to the infrastructure and technical requirements of each client and the Park offers many options to grow. The architectural designs of the buildings and the profile of the tenants, create an environment that is appropriate for the operation of international manufacturing and service companies. Besides a distinguished and contemporary architectonic design, the Park enjoys nice gardens, a superb view and an ample parking area.

Park Utilities

Fully redundant electrical grid. First class telecommunications system. Redundant potable water system. Access building and common areas. Roads, sidewalks and street lighting. Storm water management system. Mechanical systems. Landscaping. Highway.

2.24.2

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Coyol Free Zone Master Plan

2.24.2

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2.3

Propark

2.24.3

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Propark

Location

Coyol, Alajuela, 6,5 kms from the International Airport

Infrastructure and services

50 hectares of land. Access through boulevard. Sidewalks. Recreational and green areas: 31,329.55 m2. Controlled access. Electrical system (15 MVA). Telephone system (Fiber Optics). Potable water system (AyA 10 L/seg + Well 6 L/seg). Storm water system. Public waste disposal service. Public transportation. General park maintenance. Security.

Note: Waste water treatment set for individual needs.

2.24.3

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2.4

Metro Park

2.24.4

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Metro Park

Dedicated to quality and excellence, ZFM is a symbol of success and an alternative for investment in Costa Rica.

ZONA FRANCA METROPOLITANA was founded in 1986. From the start, is strength is based on the support it provides and an aggressive growth strategy.

ZFM currently has 83 hectares of land and more than 56 companies installed in different areas, such as: services, medical devices manufacturing, electronics manufacturing.

The park is located in the heart of the country’s technological corridor; it offers excellent water supply, electricity, telephone lines, a large amount of human resources in the area and access to the main roads and highways.

Location

ZFM is close to the cities of San José, the Capital City, and Alajuela; both are within the Greater Metropolitan Area, where the majority of the country’s population lives.

Infrastructure

The buildings have modern designs and attractive architecture. Buildings are built with the MEGABOX concept and are surrounded by gardens. Enough parking spaces, according to the requirements of the installed companies. Pre-fabricated concrete structures have anti-seismic characteristics which surpass the established Seismic Codes.

2.24.4

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Metro Park

Services

Fiber optic: two independent rings. Communications nodes: ICE, RACSA Availability of telephone lines for immediate use. Cable MODEM service. Three independent potable water sources. Reserve tanks. Water quality certified by ESPH. Interconnection to the municipal recollection system.

Energy

Redundant electricity from the BELEN -INTEL substation (the best in the country). Support system from the Heredia station.

2.24.4

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Metro Park Clients

2.24.4SERVICES

Fiserv Language LineAmacaiEquifaxQualfonSistemas GalileoEDSProsixCitadel CommerceHilos A&EAval – CitibankKain HoldingsACSAvventaLexington GroupDomenov

ELECTRONICS

TriQuintOberg IndustriesRyan ManufacturingAetecControles de CorrienteEMC - Smiths

MEDICAL INDUSTRY

AllerganMedtechAmoenaIntrapacRecoms Group

OTHER INDUSTRIES

Sara Lee – HanesTica TexHilos A&EIntrapac GroupRex Cargo – CytycFedexSamuel AaronICGGrupo FesaLMDCorpitPacific WestDispal

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Metro Park Master Plan

2.24.4

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2.24.5

Forum 2

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2.24.5Costa Rica’s most modern offices must be located where things are happening: Via Lindora, an area surrounded by hotels, supermarkets, restaurants, shopping centers and exclusive residential projects.

But in addition to location, the architecture would need to be avant-garde. Technology would need to define life within these offices, for example: digital access control, power plants capable of supplying electricity for 24 hours and countless other details available in developed countries.

Forum II challenges the notion of what office space looks and feels like, not only because of its modern design but also because of its technology, truly making it an office complex for the new millennium.

The future also speaks to a close connection to nature, which is why this project will have 7,000 square meters of plazas and recreational area.

Forum 2

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Location

Located in the city of Santa Ana, just10 minutes from San José and theJuan Santamaría International Airport. It is sorrounded by hotels, shopping centers and residentialareas. Its strategic locationguarantees occupants and visitorsquick access to the business world’s most important centers.

2.24.5

Forum 2

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Infrastructure

•200,000 m2 of construction area and 60,000 m2 of rentable area.•7.5 hectares total land area

Phase one is compromised of three four-story buildings and two underground levels for parking, already finished and delivered.

Phase two is compromised of three four-story buildings and two underground levels for parking, as well as a commercial plaza, finished and delivered.

Phase three is compromised of three four-story buildings and two underground levels for parking. Available.

The complete project is made up of 15 buildings for offices and two parking platforms.

Forum 2 architects preferred a functionally intelligent contemporary style of architecture. Viewed from the outside, it is evident that the buildings feature a combination of high technology and modern architecture inside.

2.24.5

Forum 2

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InfrastructureThe buildings have four stories and two underground levels of parking. They are based on a 8.50 X 9 meter structural frame, with a 3-meter overhang surrounding the perimeter and starting from the second story, which protects pedestrians on the ground floor from the sun and rain.

Floor distribution is open; with 968.34 square meters of office space, and a vertical shaft for stairs, elevators and other services located at one end. Should several different owners/occupants occupy a floor, there will be a 2.40-meter wide common area passage leading to the outside emergency stairs.

Most buildings will be able to communicate with each other, making them more efficient and adequate for future expansion by the different companies. However, buildings may also be designed according to client specifications.

Two elevators, each with a 14-person capacity, are located in each building, as well as a large lobby area, main stairs with a fire door and a panic bar, electrical and telephone rooms, cleaning room with a garbage chute, and restrooms. Top quality finishes will be used in the restrooms for easy maintenance and durability. Restrooms have been designed in compliance with local standards for disabled people and the “American Disability Act”. Office space will also have mechanical ducts to facilitate the installation of private restrooms, as well as coffee rooms, cleaning rooms, etc., if desired.

2.24.5

Forum 2

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Clients

Free ZoneWestern UnionHewlett PackardOracle

OfficesGenesis DesarrolladoresPacheco Coto Attorneys at LawWal-MartSUGEF

2.24.5

Forum 2

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Services

Electricity and Telecommunications are provided by ICE (Instituto Costarricense de Electricidad), RACSA and AMNET.Restaurant facilities: Grao by Spoon & SubwayFischel DrugstoreNatura SpaEconomy Rent a Car

Emergency Systems include

24-hour power service to cover 100 % of the supply demand with a 15 second response capability.Complete fire control system that includes:Fire alarms and a sprinkler systemTwo emergency stairs per buildingWater reservoir, fire pump, Jockey pump, metal piping, fire extinguisher and hose cabinets on each floor.

2.24.5

Forum 2

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El Cedral

2.24.6

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El Cedral

2.24.6A high level Corporate Center with the most demanding construction quality standards and attractive contemporary architecture, in harmony with the Cedralforest in Escazú.

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El Cedral

2.24.6Location

In the main highway of Escazú-Santa Ana, soon to be the highway to the Central Pacific Coast

Infrastructure

Three 5 story buildings with a total of 15,000 m2 of rentable spaceLand area: 12,000 m2

Services

Electricity and Telecommunications are provided by ICE (Instituto Costarricense de Electricidad), RACSA and AMNET.

Emergency Systems include24-hour power service to cover 100 % of the supply demand with a 15 second response capability.Complete fire control system that includes:Fire alarms and a sprinkler system.

Security IncludesCCTV and recordingNight monitoringRestricted access

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Eurocenter

2.24.7

Page 78: Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

Eurocenter

2.24.7Eurocenter responds to a new concept of a business center, especially designed to offer flexible solutions to corporations that require strategic location, prestige and presence in Central America.

Location

Located , in Aurora of Heredia,15 minutes away from the International Airport Juan Santa Maria, close to a strategic area of industrial development and hotels, free zones, social clubs and residential areas.

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Eurocenter

2.24.7Infrastructure

3 Integrated buildings, 2 Independent towers of 4 floors integrated by a central 5 floor module with common areas.23,000 m2 of rentable areaLand area: 14,000 m2

Services

Electricity and Telecommunications are provided by ICE (Instituto Costarricense de Electricidad), RACSA and AMNET.

Emergency Systems include24-hour power service to cover 100 % of the supply demand with a 15 second response capability.Complete fire control system that includes:Fire alarms and a sprinkler system.

Security IncludesCCTV and recordingNight monitoringRestricted access

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Eurocenter

2.24.7Clients

DHL Extralum ProyectosTRAX TECH OMNEX GROUP TRICHEM LACURE Financiera DESYFIN POL PROYECCION DUAL Especialidades TAPIA AMBA Research

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Zona Franca del Este

2.24.8

Page 82: Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

Zona Franca del Este

2.24.8Zona Franca del Este is a modern and innovative Free Zone and Business Park, oriented exclusively to service-providing companies such as Customer Management Centers (CMC) and Business Process Operations (BPO). Zona Franca del Este offers a unique combination of services and a robust infrastructure which is able to connect worldwide networks, meeting the requirements of multinational companies. We provide a group of leading professionals to advise and accompany them over the course of the installation of their companies. We make our best effort to ensure that their work spaces unite the quality, esthetics and efficiency that their companies require. Zona Franca del Este is developed by GBK & FZBP, both Costa Rican companies, with significant experience achieved through many years in real estate development and operation of commercial developments and Free Zone Business Parks such as Global Park, with 84 acres and Coyol Free Zone and Business Park, with 264 acres.

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Zona Franca del Este

2.24.8Location

Zona Franca del Este is strategically located within two miles from Downtown San José, in Calle Blancos, and has close proximity to mayor shopping areas, restaurants, and the nearby 23 educational institutions. It's most outstanding feature is easy access for people, making the site an ideal location for service-providing companies, with intense concentration of employees

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Zona Franca del Este

2.24.8Infrastructure

Potable water system: Property is served by a reliable source of potable water from Acueductos y Alcantarillados. In addition, ZFE has a Potable Reservoir Tank of 75 m3. Electric Power: Three-phase high tension electricity at 34,5 KW big enough to serve current and future project needs

Telecommunications system: project is currently served by two different providers, ICE (telephone lines) and RACSA (Voice and Data). Fiber Optic is provided by ICE from Telecom Distribution Room located in the Park.Fire Protection System: ZFE has a 260 m3 tank with a fire pump and cabinets class three. Waste water treatment plant

Services

Perimeter security 24/7 Maintenance of green areas and parking areas. External maintenance of buildings. Supervision and Maintenance of our own waste water treatment plant. Refuse Collection Custom house on site. Direct Transportation Services

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Zona Franca del Este

2.24.8 Clients

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Zona Franca del Este Master Plan

2.24.8

Page 87: Opportunity For Medical Devices Industry, Advanced Manufacturing And Service Sectors In Costa Rica

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