Isla Saboga, one of the most pristine of the Pearl Islands, contains a charming traditional fishing village with just over 350 native residents. The island is beautifully covered in lush vegetation and tropical forest. Isla Saboga is still one of the most beautiful spots in Panama and for years, many developers have had their eyes on this beautiful place as a destination for retirees and investors looking to buy a second home or vacation home in this exotic part of Panama.

Unlike other popular real estate destinations in Panama, Isla Saboga remains undeveloped, however, with the growing interest here, investment dollars are rapidly pouring onto the island.

Keeping in mind the importance of preserving the characteristic wild environment and the long-standing tradition of no car-use on the island, in 2007 Grupo del Sol, a Nicaraguan development firm embarked on a project to set up the necessary infrastructure to attract property developers and investors using less than a third of the island’s 1,200 acres.

Armel Gonzalez Muhs representative of the project, said that his company is planning to invest nearly $1.5 billion USD to create a paradise that within ten years will include all amenitities on par with top destinations from around the world.

The company is not actually building anything at this point and is not planning to do so in the short term. Their goal is basically to open up the doors for investors and property developers by gathering the required permits that will allow future investors to carry out a wide variety of construction projects.

Currently Isla Contadora is a hot spot for foreign property investment, but a growing number of investors are looking to put their money in projects focused on undiscovered places where no big companies have yet to make their mark. Isla Saboga has great potential.

The project is a challenging one indeed, taking into account that the Island has no aqueduct, sewer system or paved roads. Nonetheless, the company representative stated that they have managed to sell at least twenty percent of the project, which will benefit both future investors and locals since it is expected that the project will generate hundreds of new jobs and business opportunities in the next couple of years.

To learn more, visit their website: http://www.islasaboga.org/