LATIN AMERICA

MEGAPOLIS OUTLETS L ATIN AMERICA

P R E S E N T S

PANAMA: THE GATEWAY TO L ATIN AMERICAPanama’s geographical location between the Pacific and Atlantic oceans, combined with its world-class infrastructure, allows for easy access to every major city in Latin America and the Caribbean. Megapolis Outlets Panama offers a unique opportunity for brands to capitalize on the tourism and commercial vitality of Panama, the hub of Latin America.

Panama today welcomes over 17 million air passengers per annum, and hosts approximately 2 million overnight tourists annually, with an average annual increase of 7%. Panama has the highest per capita tourist spending in Central America (385 USD per day), with a 4% increase over 2017.

AN ABUNDANCE OF EAGER-TO-SPEND TOURISTS

INBOUND TOURISM 2016 NUMBER OF TOURISTS

AMERICASMIDDLE EAST

1,000 4,000 7,000

49,000

274,000

1,522,000

AFRICA SOUTH ASIA

EAST ASIA & THE

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A NATURAL WONDERLAND

Naturalists and wanderers from around the globe are attracted to over 10,000 different plant and 976 bird species in Panama’s bountiful rainforests, exquisite beaches, and equatorial tropical weather without the threat of hurricanes.

A STABLE ECONOMY THANKS TO A CANAL, CURRENCY, AND A GLOBAL VISION

Panama benefits from being one of the few countries outside the United States to use the U.S. dollar as its official currency, making it a strong currency in Latin America and the Caribbean. With a robust free trade zone, a hospitable environment for multinational corporations, and the world-famous Panama Canal, Panama is positioned as the commercial capital of the region.

A RICH HISTORY ATTRACTS TOURISTS

Tourists interested in a rich cultural experience will find plenty to do, from exploring the historic UNESCO World Heritage Site, Casco Viejo (Old Quarter), to visiting the ancient ruins of past civilizations.

M E G A P O L I S O U T L E T S

AMPLE OPPORTUNIT Y IN A BUSTLING CENTER OF COMMERCE AND CULTUREWith a thriving economy centered around banking, commerce, and tourism, Panama City is perfectly positioned as the launch pad of the outlet retail industry in Latin America. The city accounts for 55% of Panama’s total GDP, with over 1.5 million citizens in its metropolitan area. A mix of pleasant climate and a strategic vision as a regional headquarters location have bolstered Panama City’s already surging economy. Panama has executed a deliberate plan to position itself to attract business and tourism and is reaping the rewards in economic vitality.

THE WORLD’S SECOND LARGEST FREE TRADE ZONE

Colón Free Trade Zone, located strategically near the Atlantic entrance to the Panama Canal, is the second largest in the world after Hong Kong. It’s one of several free trade zones that act as economic catalysts by producing a considerable amount of jobs, income, and trade. These trade zones work in tandem with Panama City’s ports and airports, establishing the city as a major transient hub for Latin America with an expected 30 million arrivals per annum.

A POPULATION OF YOUNG, ACTIVE CONSUMERS

Panama City has a population of 880,691 in the city proper and over 1.5 million in the metro area. Of that 1.5 million, over 30% are Millennials with a cultural predisposition toward fashion and zest for shopping in malls and retail centers. Many Latin Americans have not embraced online shopping and still relish the experience of brick and mortar retail.

M E G A P O L I S O U T L E T S

PA A AN MTHE HIGHEST CONCENTRATION OF MULTINATIONAL CORPORATE HEADQUARTERS IN THE REGION

Due to the progressive ‘Headquarters Law,’ over 120 multinational corporations have located their corporate management in Panama thanks to a number of tax incentives, such as a total exemption on income tax and exemption from sales tax for services rendered to corporations abroad.

These corporations are supported by an array of banks and international financial and professional service firms with offices in Panama City, adding an investment of one billion USD and 6,000 jobs to the country.

M E G A P O L I S

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M E G A P O L I S O U T L E T S

MEGAPOLIS OUTLETS PANAMA: THE FIRST & ONLY AUTHENTIC OUTLET CENTER IN CENTRAL AMERICA

A TRANSFORMATIVE DESTINATION EXPERIENCE

Megapolis Outlets Panama is the prime location for international brands to present the depth and breadth of their range at attractive outlet values to an eager audience of residents and visitors alike. With an average layover of 8-12 hours, visitors are free to leave Tocumen International Airport and enjoy everything Megapolis has to offer. The first two floors of the climate-controlled, easily navigable mall are dedicated to outlet retail, with multiple access points from the street and the adjacent major hotels, and serviced by the largest parking garage in the city, completely enveloped in an exciting design and compelling signage.

• Hard Rock Hotel – 1,500 rooms, 6 restaurants, nightclubs, spa and services

• Radisson Hotel – 300 rooms, 2 restaurants, spa and services

• Majestic Casino – Newly renovated 24-hour casino featuring table games

• Megapolis Convention Center – 60,000 square feet of meeting and display space, located on top of Megapolis Outlets Panama

• Underground Parking Garage – 3,000 spaces

• Cinemark Movie Theater – The #1 cinema in the region

• Extensive Food and Beverage

• Serviced by Arterial Highways and Highly Visible in the Skyline

M E G A P O L I S O U T L E T S

Megapolis Outlets Panama is bringing something new to the vibrant heart of Panama City, drawing from Panama City’s status as a major travel and commercial hub to create a retail destination that appeals to residents and visitors from across the globe–a modern, exciting showcase for international brands.

Megapolis Outlets Panama offers an intriguing mix of business and pleasure by positioning an outlet mall adjacent to a major hotel, excellent dining and entertainment, and a spacious convention center.

M E G A P O L I S O U T L E T S

The aesthetic of the Megapolis project will draw inspiration from cities known for their fantastic visual spectacles.

We hope our visitors will shop, dine, explore, and make Megapolis Outlets Panama their launch pad to experience everything Panama has to offer–from tropical rainforests and historic sites to the many opportunities created by its thriving economy.

M E G A P O L I S O U T L E T S

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LATIN AMERICA

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Lisa Quier Wagner, Principal The Outlet Resource GroupM: +1 703.346.8098T: +1 312.292.9585outletresource.comlwagner@outletresource.com

MEGAPOLISOUTLETS.COM