Panama, which has the ambition of becoming an e-commerce hub for the Central American region, is beginning to make progress towards this goal, with its Internet user base increasing monthly.
The Government has established the City of Knowledge Technopark in the former Ft. Clayton US Military base. The Tecnopark is a mixture of commercial space, offices, technical facilities and ancillary residential properties. The Government supplied 120 hectares of land with complete infrastructures and buildings worth an estimated US$50m for the project. The Tecnopark project was unveiled in August, 2002. By 2011, 56 companies had signed up as tenants.