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Testimonial about the success of the Marina Puesta del Sol project located in the northwestern region of Nicaragua.
Managua, Nicaragua; February 26, 2015
A new tourism project will begin to develop on the beaches of Tola, Rivas in Nicaragua. The project led by Sociedad Flor de Mayo Nicaragua, S.A., will be located off the coast of Playa Sardina, Tola.
The estimated investment for the project is US$20 million, and will be constructed in an area of 55 blocks and will include condos, bungalows, villas, parking lots, shopping malls and hotels. Also, it will have more than 80 lots with extensions between 1,200 and 2,200 square meters.
To date, US$7 million have been invested in the first stage of the project which will generate over 200 jobs. The Ministry of Environment and Natural Resources (MARENA, for its Spanish acronym) and the local government authorities have already approved the development. According to Gerald Membreno, Administrator at Sociedad Flor de Mayo Nicaragua, S.A., the project has contributed about US$ 16,000 in terms of taxes.
Nicaragua has been widely recognized as an ideal tourism and retirement destination. The Boston Globe recently ranked Nicaragua among the top ten emerging economies and stated that “Industry experts are calling Nicaragua the hottest destination in Central America, and one of its best bargains’’.
In 2014, the country received 1,329,000 foreign visitors, which represented an 8.1 percent growth in comparison to 2013.
News based on El Nuevo Diario publication.
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En español: Nicaragua desarrolla nuevo proyecto turístico en Tola
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