Devon's clippings · Clipped: Fri-09-Jul-2021 · Original: cinde.org/en/free-zones/coyol-free-zone
Coyol Free Zone
With more than 20 years of experience developing and managing industrial parks and 13 years since the beginning of this successful project, Coyol Free Zone does business in a sustainable way and in a privileged location.
It is the best option for the Life Sciences Cluster and advanced manufacturing companies in Latin America. Consistently awarded and recognized by multiple entities as the Top Free Zones in Latin America and The Caribbean, Coyol Free Zone offers much more than tax incentives and outstanding infrastructure. It also provides proven know-how in the construction of buildings for the Life Sciences Industry, and the services required to support the successful operation of a Life Sciences company in Costa Rica.
By developing a Life Sciences cluster with on-site suppliers and contractors, Coyol Free Zone (CFZ) provides the ideal conditions for Original Equipment Manufacturers (OEMs) to operate. Strategic suppliers operate within CFZ and include services such as packaging, molding, extrusion, assembly, sterilization (ETO & EBeam), and logistics. The presence of on-site sterilization services and logistics companies allows for Medical Devices to be exported directly from Costa Rica to different destinations around the world. This means important savings in production, time, transportation, and warehousing.
Awards & Recognitions:
Awards & Recognitions:
Coyol Free Zone, a 100% Costa Rican company and a leader in exports of Medical Devices, was awarded by Site Selection as the # 7 Free Zone within its Top 10 Worldwide.
The European recognized Coyol Free Zone as Free Zone of the Year for Latin America 2020, and awarded as the most Innovative Free Zone of the year and as the best Business Center for Life Sciences and Advanced Manufacturing in the Latin American region.
In addition, it reached # 7 in the world Top 10 as confirmed by fDi Intelligence a monitoring tool from the specialized investment publication fDi Magazine.
fDi Magazine also awarded Coyol Free Zone in five categories:
- Academic Collaboration
- Specialty in Medical Devices
- Recruitment Assistance
- Large Tenants
With 264 acres of land, Coyol Free Zone is the first Smart Park in Costa Rica:
- Fully redundant electrical grid, with underground connectivity to main substation and 3 additional substations working as a backup.
- Fully redundant fiber optic network: 5 different telecom vendors.
- Fully redundant potable water system with access to public potable water pipe and 4 exclusive wells onsite.
Coyol, Alajuela, 5 miles away from Juan Santamaría International Airport with privileged access to major routes: Route 1, Route 27 and Route 32.
- Cardinal Health
- Microvention - Terumo
- Smith & Nephew
Coyol Free Zone exported US$2,071 MM in medical devices from Costa Rica in 2019. Representing 58% of exports within the manufacturing segment of the Free Zones Regime with neuroendovascular, breast implants, cardiovascular/vascular, endoscopy, women’s healthcare, orthopedics and sports medicine products among others.