Land-Reclamation Creates Panama’s Second Artificial Island

May 22, 2015

The Dutch Prime Minister Mark Rutte placed the foundation stone for a second artificial island set to provide high-end housing for Panama City’s rapidly expanding population.

The two artificial islands, located off the coast of the Punta Pacifica coastal residential area, are being developed by Dutch firm Royal Boskalis Westminster to meet rising demand for luxury homes.  Panama is experiencing rapid economic growth, buoyed by a booming financial sector and its population increasing in affluence and size at equal pace.

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