Costa Rica to Create Caribbean Tourism Hub with Record Investment

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InternationalLiving.com highlights plans for massive Costa Rican coastal development.

The Costa Rican government is aiming to develop a quiet stretch of its Caribbean coast into a tourism mecca with the biggest investment of its kind in the country’s history, InternationalLiving.com has revealed.

The province of Limon, a two-and a-half-hour drive east from the capital, San Jose, on the country’s Caribbean coast, is made up of virgin rainforests and white-sand beaches.
While the country’s northern Pacific coast has been popular with overseas visitors for decades, the Limon region has so far been undeveloped as a tourism destination.
However, the Costa Rican government is introducing a raft of measures to help draw businesses and tourists to the area.

Government initiatives include a new free-trade zone in the town of Bufalo and massive investment in the Caribbean port towns of Limon and Moin.
Costa Rica has already signed a $1-billion concession with Dutch company APM to build a new port terminal in Moin – the biggest concession contract in the history of Costa Rica. Construction will start in 2013, and should take three years.

The development will increase the port’s capacity and turnaround time, and is expected to bring an estimated 2,000 direct and 8,000 indirect jobs to the area.
The project will be a massive boost for the province’s namesake capital of Limon, which is located 12 minutes’ drive from Moin.

“Limon started out as a company town,” explained real estate expert and writer with InternationalLiving.com, Ronan McMahon. “The firm pulled out in the 1960s and since then, Limon has been a quiet affair.”
He continued, “Limon may have been forgotten up until now, but the government’s initiatives are going to turn its fortunes around.”

The revelations were made in an article that appeared in the December issue of International Living magazine, which can be viewed here: “Opportunity along Costa Rica’s Secret Caribbean.”

Editor’s Note: Members of the media have full permission to reproduce the article, “Opportunity along Costa Rica’s Secret Caribbean”, either in part or in its entirety, once credit is given to InternationalLiving.com.

Media Contact: For information about InternationalLiving.com content republishing, available source material or to book an interview with one of our experts, contact Associate Editor Carol Barron, 772-678-0287 (US), CBarron(at)InternationalLiving9dot)com or visit International Living Media Center. For automatic updates on the most current stories, follow International Living Media on Twitter.

For more than 30 years, InternationalLiving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment.

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