With an industrial park made up of 34 companies, Coyol Free Zone is positioned as one of the most important sources of direct employment in the Medical Device sector in Costa Rica, accounting for 41.75% of the jobs that this industry provides at the national level.
With a solid 18-year track record, as of December 31, 2024, this Park had accounted for 24,588 of the 58,884 highly specialized labor sources offered by this sector in the country, according to data from the Foreign Trade Promotion Agency (PROCOMER) as of the same date.
In addition, there are 5,000 indirect jobs of subcontractors working full time in companies linked to original equipment manufacturing (OEM), as well as suppliers, packaging and logistics companies, as well as companies involved in sterilization, parts and components, among others.
This significant employment generation is accompanied by high labor productivity, which is 2.9 times the national average (1.9 times the national productivity).
Carlos Wong, Managing Director of CODE Development Group, co-developer of Coyol Free Zone, said that in these 18 years, the industrial park has attracted investments that have had a positive impact on thousands of people in Costa Rica, creating quality jobs and productive linkages with small and medium-sized local companies.
Out of the 24,588 direct jobs, 55% are held by women in operational, administrative and managerial positions.
“The achievement of reaching 18 years of operation inspires us to continue consolidating Coyol Free Zone as a key destination for attracting Foreign Direct Investment, backed by world-class human talent, high quality processes and infrastructure, as well as our commitment to continuous innovation. We are proud to be the most robust Life Sciences hub in Costa Rica, a dynamic ecosystem that drives the development and competitiveness of the country”, said Wong.
Highly specialized human talent
Coyol Free Zone has become a magnet for attracting and developing highly specialized human talent. This business park, in addition to offering excellent working conditions, promotes educational and training programs aimed at the professional growth of its workforce.
These initiatives aim to strengthen knowledge and promote the development of new skills, thus opening up opportunities for professional advancement. To learn more, please visit https://www.gentecoyol.com/capacitacion/
World-class business operation center
With companies in strategic sectors such as Medical Devices, Semiconductors and Smart Manufacturing, Coyol Free Zone stands out as an innovation center for high value-added products, such as heart valves, surgical instruments, knee implants, gastric probes, and contact lenses, among others, which are manufactured in the country to provide a better quality of life for thousands of people around the world.
The success has been attributed to the performance of the 34 companies which have relied on the advantages offered by this business park, 7 of which are in the Top 30 Global Medical Devices companies.
In 2023 alone, the companies located in the Coyol Free Zone were able to generate foreign sales of US$4.4 million. These figures show an increase of 31% compared to 2022 and 382% compared to 2015.
About Coyol Free Zone
Coyol Free Zone is the leading medical device export park in Costa Rica, with exports of over US$4.44 million per year, equivalent to 35.1% of exports in the manufacturing segment of the country’s Free Trade Zone Regime.
It was awarded as the Best Free Trade Zone in the Americas, for the fourth consecutive year, and recognized in the Top 10 Free Trade Zones in the World, as well as the Most Sustainable Free Trade Zone in the Americas by fDI Intelligence in 2024. It houses the operation of 34 world-class companies, 7 of which are in the Top 30 Global Medical Devices companies.