US conglomerate Walmart inaugurated a US$55m food distribution centre at Coris Cartago (southeast of San Jose). The 24,000m2 logistics centre is said to be the most advanced in the country and will store and redistribute fruit, vegetable and grains sourced from over 140 local producers. The inauguration marks the continuation of Walmart Corporate’s aggressive investment strategy, as it anticipates a total investment of US$115m in Costa Rica by the end of 2019 to increase its local outlets and expand its US$68m distribution centre in Coyol (west of San Jose). The investment is considered a vote of confidence from Walmart which announced in 2017 that it aimed to double the number of its Costa Rican stores by 2023.
This is an extract from the Caribbean Council’s fortnightly editorially independent publication, Central America Briefing, which provides in depth information on current economic, political and commercial developments in Central America. Business people, academics, and those with a general interest in Central America find it an invaluable tool for developing and maintaining knowledge and providing an insight into political, economic and commercial events in the region.
The publication is available internationally on a subscription-only basis. SUBSCRIBE TO A FREE TRIAL