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Foreign Investment

Mercan Group Breaks Ground on $200M Panama Housing Project

Panama City – September 30, 2026 -- Mercan Group has broken ground on Albor at Santa María, a 48-story, 200-unit residential tower marking its first housing development in Panama and pushing the Canada-headquartered developer's country portfolio past US$200 million.

Panama tightens Qualified Investor real estate thresholds

The groundbreaking follows Executive Decree No. 17, issued September 8, 2026, which keeps the minimum investment for new, first-sale real estate at US$300,000 while setting a US$500,000 threshold for secondary-market properties under Panama's Qualified Investor Program. The decree also adds new investment alternatives and streamlines application procedures.

Heeney Capital Signs $1B Gold Mining Deal for Venezuela's El Callao

Houston – September 19, 2026 -- Heeney Capital has signed a mining concession agreement with the Republic of Venezuela and Corporación Venezolana de Minería (CVM) to develop and operate a major gold project in the El Callao Mining District, part of the Guayana Shield gold belt. The agreement was signed at the G20 Energy Abundance Ministerial held in Houston, Texas.

Deal could trigger up to $1 billion in investment for El Callao

Heeney Capital said the agreement will catalyze up to $1 billion in investment aimed at revitalizing the El Callao district through workforce development, community investment programs, and long-term economic growth. The firm projects the project will generate multi-billion dollars in tax and royalty revenue for the Venezuelan government over its operating life.

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