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By the A.M. Costa Rica staff   President Óscar Arias Sánchez says it is indispensable that the nation triple its estimated $600 million a year in foreign investment.

“We have to construct what we have left undone for many years,” said the president. “Costa Rica has to be more attractive,” he added, noting that a great weakness for the country is the infrastructure. He called for more hotels.

The president also called enlarging and remodeling the Daniel Oduber Quirós airport in Liberia an urgent need. He said the airport attracts 130 executive jets a month but due to lack of space the planes have to go elsewhere.

The president was speaking at the Hotel Real Intercontinental in Escazú where plans for the Complejo Turistico Azulera in Bahia Brasilito, Guanacaste, were presented. Part of the project will be the Hyatt Regency Azulera Resort & Spa, which will begin to be constructed in July with the first phase projected to be completed in 2008. The entire project is estimated at $200 million.

This entry was posted on Friday, May 19th, 2006 at 7:46 am and is filed under Costa Rica News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.