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.
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