CFZ is upbeat about growth and development in 2023

The Corozal Free Zone is optimistic about what the New Year is going to bring. Coming off a difficult two years, thanks in a large part to COVID-19, most businesses that had to shut their doors in 2020 have already reopened or will reopen soon. The Free Zone’s CEO Neri Ramirez told Love News that 40 new businesses have opened between 2021 and 2022 and he believes that says these are good signs that things are looking up. 

Neri Ramirez, CEO, Corozal Free Zone: “In 2021 we had 25 new companies open and in 2022 we had 15. In two years we have 40 companies had opened in the Freezone and I have seen some applications started to come already and some potential investors came to visit me to ask what are the requirements which I handed over to them a portfolio of guidance for them to go and look at and any assistance to be given. Yes it can have a greater impact, yes we can attract more investment just as what we’re doing marketing attracting more customers to the Free Zone. We’re going to work harder on more marketing but targeting more investors so it would be more employment to the Corozal district as a whole and Orange Walk and Belize as a whole. I have that full confidence that we will have that number going up this year again and we are working very hard like I mentioned with you on marketing and this year I will concentrate a lot on doing more marketing but to bring more investors into the zone.”