Coyol Free Zone, a completely Costa Rican company and a leader in medical devices exports, was recognized by the prestigious magazine, The European of Thompson Reuters, as the Best Free Zone in Latin America. Additionally, Coyol Free Zone was ranked #7 in the world’s Top 10 zones, also confirmed by fDi Intelligence, a monitoring tool of the specialized investment publication, fDi Magazine.

fDi Magazine also awarded Coyol Free Zone in 5 categories: Sustainability, Academic Collaboration, Specialism in Medical Devices, Recruitment Assistance, and Best Zone for Large Clients.

Best Free Zone in Latin America: more recognitions

Along with these recognitions, the internationally specialized publication, The European of the editorial house Thompson Reuters, named Coyol Free Zone as the Free Zone of the Year 2020 for Latin America, distinguishing it as the Most Innovative Free Zone of the Year and as the Best Business Center for Life Sciences and Advanced Manufacturing in the Latin American region.

“The recognition of Coyol Free Zone as the Best Free Zone in Latin America and its rank in 7th place in the world’s Top 10 zones reflect the vision of its partners, the quality of the work of its employees and the value proposition that it has managed to develop over time. Coyol Free Zone is a testament to Costa Rica’s ability to compete at a global level and attract companies in the Life Sciences sector to come and invest in our country.” expressed Carlos Wong, CFZ’s General Director.

Coyol Free Zone (CFZ) is the leading medical devices export park in Costa Rica, reaching $2,071 million in 2019. That is to say that it makes up 58% of the exports from the manufacturing segment within the Free Trade Zone Regime, showing the dynamism it brings to the national economy.

Without a doubt, these global awards are a recognition of the capacity that CFZ has had in attracting the investments and reinvestment by clients along with very high value-added exports, generating more than 16,000 quality jobs, and housing productive chains that positively impact hundreds of small and medium-sized companies in Costa Rica.