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The Honduran government will begin building the first Zones for Employment and Economic Development (ZEDE) in the Central American nation in June, fulfilling a campaign promise made by President Juan Orlando Hernández, according to government sources. The idea behind the project is to create a pole for investment and development in designated locations, exempt from certain regulatory and tributary burdens, where natives and foreigners can live and work, creating engines for economic prosperity. The initial crop of zones will be developed on the Pacific coast of Honduras, covering the municipalities of Alianza, Nacaome, Amapala, and the adjacent Isla del Tigre. The government plans to install megaports, facilities for different kinds of industries, and agricultural laboratories, among other projects. Read More |