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PARAGUANÁ SPECIAL ECONOMIC ZONE










Advantages for investment

  • Companies established in the Special Economic Zone will benefit from international trade agreements signed by the Bolivarian Republic of Venezuela.
  • The necessary imports of equipment and other inputs for construction of Special Economic Zones shall not be levied taxes or tariff duties.
  • Companies established in Special Economic Zones may have income tax exemptions in order to adapt the production process to export.




Benefits to the sub-region

  • It breaks the logic of import of goods that are developable in Venezuela, optimizing thus the use of foreign currencies in production.
  • It promotes the development of productive chains, from the supply of raw materials to Special Economic Zones, to the distribution and marketing of final goods and services produced therein.
  • It contributes to sub-regional territorial development, leveraging production in education, research and technology.
  • It favors the generation of stable sources of formal employment, and downstream multiplier agents.
  • It provides necessary goods and services to people in real time.




Location

The Paraguaná Sub-region is located in the north of the state of Falcón. It comprises a total area of 2,687.51 km2; with 300 km of coastline. Administratively, it is composed of three (3) municipalities: Carirubana (capital: Punto Fijo), Falcón (capital: Pueblo Nuevo) and Los Taques (capital: Santa Cruz de Los Taques).




Physical-environmental features

The characteristic relief of this sub-region is a semi flat plane with very low slopes between 1% and 2% in some sectors, reaching a maximum of 5%. One important landmark is Cerro Santa Ana with an altitude of 720 meters. The winds are an important feature in the peninsula, significantly influencing weather conditions, with an average speed of 37 km/h throughout the year, a significant potential for wind energy production.




Potentials

  • Paraguaná has the largest refining complex in the Americas, composed of the Amuay and Punta Cardón Refineries, responsible for transforming hydrocarbons into high-value refined products.
  • It has the Guaranao port as potential for deep water activities; the Josefa Camejo International Airport, which can be expanded, as well as shipyards.
  • It is the Venezuelan region with the greatest potential for the production of wind and solar energy.
  • It has broad potential for economic development by linking a large oil tourist and commercial activity base that combines with the industrial sector. The area will be the site of the largest petrochemical projects in the nation, as well as projects in information technology, telecommunications and technology.
  • The sectoral structure of the state is as follows: Agriculture 10.9%, Hydrocarbons, Mining and Quarrying 1.6%, Industries 7.3%, Construction 0.7%, Electricity, Gas and Water 8.3%; Commerce 22.5%; Transportation and Warehousing 6.1%; Financial Institutions 4.9%; Services 29.7%; Other 7.9%.




Profile

The purpose of the Paraguaná Special Economic Zone is to boost sub-regional comprehensive development, based on its vocation for the development of technology, computing, telecommunications and alternative technologies for energy saving. The technological development activities complement the relevant oil, tourism and fishing activities, playing a key role in the value added associated to knowledge.




Socio-demographic characterization

The Paraguaná Special Economic Zone has an overall population of 327,238 inhabitants, accounting for 13.27% of the state of Falcon, distributed in 163,963 women and 163,275 men. Of these, 279,801 live in urban areas and 47,437 in rural areas. The state of Falcon has 1,015,212 inhabitants.



The population of the Special Economic Zone is significantly young, with 55% (178,425 people) in the 15 to 49 age group. The state of Falcon has 12 centers of higher education, with a current total enrollment of over 61,000 students. Specifically, the Special Economic Zone has 6 higher education centers, with a current total enrollment of over 12,000 students.




Data sheet



Data sheet Filling Instructions




Pictures





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Intro Paraguaná







Industrial Frank Zone Paraguaná



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