Costa Rican Free Zone Chosen as the Best in America

Thanks to the inherent success of Coyol Free Zone as a leader in the Life Sciences sector, the international magazine fDi Magazine placed the park -for the second consecutive year- as the Best Free Zone in America, in addition to placing it in position 9 within the Top 10 -for the third consecutive year- of Free Zones worldwide.

In the Top 10, free zones located in the United Arab Emirates, China and Poland stand out; while Coyol Free Zone is the only one in all of America in this prestigious ranking.

For its part, the specialized international publication The European, from the Thompson Reuters publishing house, also places it -for the third consecutive year- as the best Free Trade Zone in Latin America. In addition to these awards, Coyol Free Zone received three other recognitions from these important publications.

Commitment to support successful operations

“This series of recognitions is one more guarantee of our commitment to support the successful operation of our clients, who in turn bring health and well-being to the world, through the medical devices and precision equipment that they produce in Coyol Free Zone, a park with sustainable practices and an ideal business ecosystem for Life Sciences” commented the General Director of Coyol Free Zone, Mr. Carlos Wong.

fDi Magazine is part of the international investment agency fDi Intelligence and is aimed at multinational companies and executives with decision-making capacity, companies interested in expanding their operations or investing in a free zone. This ranking highlighted Coyol Free Zone with the Honorable Mention for Environmental Practices, Infrastructure and Logistics of the entire American continent. This is due to the implementation of initiatives such as Ride Coyol, a mobility platform with an electronic bus fare collection system for workers in this Free Zone that coordinates more than 500 daily transport services to 50 destinations, to promote local chaining and reduce paper waste.

This is added to the investment in infrastructure of more than US$400 million that Coyol Free Zone offers to companies that have decided to settle in this sustainable park, and with world-class standards.

While, The European is a publication specialized in guiding professionals in the legal, stock, accounting, compliance, government and other markets. Its 2022 ranking once again placed Coyol Free Zone in a privileged position, qualifying it as the Most Innovative Free Zone in Latin America.

This is supported by the management systems applied by the park, since almost all the companies that operate from the Coyol Free Zone have more efficient construction materials to obtain savings in the operation of the building, Solar-E glass that allows light to pass through , but do not heat the interior, roof covers with insulation that decrease the thermal load and the possibility of collecting and reusing rainwater in the cooling and sanitary systems.

Best Business Center for Life Sciences and Advanced Manufacturing

Likewise, the park was recognized as the Best Business Center for Life Sciences and Advanced Manufacturing in Latin America. This mention echoes the work that Coyol Free Zone has done during its 15 years of existence and that places it as the leader in the sector with total exports of US$2,088 million per year, thanks to the performance of the 31 world-class companies, which have believed in the advantages offered by the free zone. In just five years, Coyol Free Zone’s annual foreign sales went from US$806 million in 2015 to US$2,088 million in 2020.

“These recognitions from The European and fDi Magazine confirm the good practices that we have implemented as a park in these 15 years of operation. In addition, they give us the security of continuing to offer better quality services to our clients and to the entire population that accesses our complementary post-sale services, such as attraction, recruitment and development of talent, sustainable mobility and real estate development of the highest level” he concluded. Carlos Wong.

The publications base their recognition and awards on the opinion of prominent international juries made up of specialists in the free zone sector and the real estate industry. The evaluation parameters take into account aspects such as human talent, efforts in favor of the environment and quality of infrastructure.