Loreal has been chosen by several French companies as their regional base and headquarters for the Latin America region. Companies that have set up base in Panama include cosmetics giant L’Oreal, pharmaceutical Sanofi-Aventis and petroleum’s Total.
The overall French investment in Panama has surpassed the $600 million mark, with an estimated $1 billion reach by 2010. The largest investment in Panama by a French company is that of GDF Suez who have developed and continue develop power generation projects, for $650 million.
Dubai Consortium seeks investment in Panama
A consortium of Dubai companies is seeking investment opportunities in Panama. The delegation has arrived in the country for a five day fact finding objective, as well as to hold meetings with various business sectors. Severo Sousa has highlighted the benefits of trade and investment in the country inclusive of current laws, logistics and strategic location.
Loreal promoted in Berlin
The Tourism Authority of Panama is promoting Panama at one of the most important trade fairs in the world. The delegation which includes 8 local firms will promote Panama’s culture and conservation efforts at the ITB Berlin, which is expected to receive 178 000 visitors, over the period of the fair.
Loreal hair style
Loreal paris show