POWERCHINA in Panama
Panama, officially the Republic of Panama, is the southernmost country in Central America, with a total area of 75,517 square kilometers. Its capital is Panama City. The Panama Canal, which connects the Atlantic Ocean and the Pacific Ocean in the center of Panama, has an important strategic position and is the dividing line between South America and North America. Given its significant geographical location, Panama's economy is focused on the service sector and dominated by finance, trade and tourism. The financial industry and entrepot trade are developed and play an important role in its economy. Panama has used the U.S. dollar as its currency in circulation since 1907. The national currency is the Panamanian Balboa, which is equivalent to the U.S. dollar and is used in the country at the same time.
POWERCHINA Americas regional headquarters established an office in Panama in 2016 and carried out a project—Panama City Water Pipeline Project, which is under construction so far and the contract value is approximately USD 148.9 million.