Mota-Engil builds a logistics center at Tocumen Airport

Portugal-based Mota-Engil last month started development of a $14 million, 18-hectare logistics zone at Panama’s Tocumen International Airport, intended to facilitate the transfer of high-value and perishable products, including pharmaceuticals.

Company operations include civil engineering, infrastructure development, power generation, and logistics in Europe, Africa and the Americas.

Shares of Mota-Engil SGPS trade on Lisbon’s Euronext exchange.

The company reported 2017 earnings of $200 million on revenue of $3 billion.

With passenger traffic last year of 16 million, Tocumen has the most connections of any  airport in Latin America.