The reasons for the big site's success are many. Ships can reach the United States in only five days. Access to Europe is just seven to 10 days. Other key advantages include fully developed infrastructure, a customer-friendly attitude toward proposed projects and competitive utility costs. But low costs alone won't win big deals.
Gas is cheaper in Venezuela, and they're almost giving it away in Ecuador.
Port Advantages Estate tenants also benefit from Port Point Lisas, a multipurpose port that operates 24 hours a day, seven days a week. It has a full range of warehousing and distribution services, plus specialized terminal facilities for handling ammonia, urea, methanol, iron and steel products. We have a lot of iron, steel and ammonia, but we handle a fair amount of cargo too. We want to build our logistics business for the Caribbean and the northern area of South America. The port's approach channel and turning basin have been deepened and extended recently, and new berths have been added.