Nicaragua: Foreign company to invest in plantation of 52,000 coconut plants

More and more companies of foreign origin are arriving in Nicaragua in search of the optimal conditions to grow and to increase the market.

The Coconut Corp company will invest 30 million dollars in the plantation of 52,000 coconut plants in the municipality of Bluefields, on the South Caribbean Coast of Nicaragua.

In addition, this company plans to install a coconut processing plant to bottle coconut water to export in 4 years.

"In 2018, we worked with the creation of a nursery where we planted 12,000 coconut seeds, 600 of which are ready to be transplanted," said Denri Hodgson, the President of the Communal Government of Bluefields.

In addition, he added, they signed a lease with Coconut Corp in 2017, which is currently yielding efficient results.

This new project, Hodgson said, will generate 300 new jobs in its first phase, i.e. in the coconut plantations, so he invited people interested in being part of this initiative to bring their resume to the Autonomous Regional Council of the South Caribbean Coast.

The Mayor of the Citizen Power of the Municipality of Bluefields, Cro., Gustavo Castro Jo, said that this were the kind of investments that the municipality required to generate more employment opportunities. The climate of peace and tranquillity that there is in the country and the construction of the highway that will connect Nicaragua's Pacific and Caribbean regions will arouse the interest of other companies to invest in this area of the country, he added.

This project will be developed along the new highway, 12 kilometers from the city of Bluefields.

Other companies are expected to arrive and take advantage of the good investment environment currently being developed in Nicaragua.


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