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Latin Times
Latin Times
Business
Azucena Salazar

Why Global MedTech Giants Are Now Betting on Costa Rica Over Asia for Smart Factories

Agronomists of the Tissue Culture Laboratory of Los Diamantes Experimental Station of the Costa Rican Ministry of Agriculture, work with cannabis seeds to be grown for medicinal use in Guapiles, Costa Rica. Costa Rican Rodrigo Martin was diagnosed with head cancer that caused problems in his right eye. Martin's cancer metastasized and the various oncologists who evaluated him agreed that he had three to six months to live. More than two years later, Martin is convinced that he is alive due to the medicinal cannabis he takes every day. (Credit: Photo by Ezequiel BECERRA / AFP) (Photo by EZEQUIEL BECERRA/AFP via Getty Images)

A country slightly smaller than West Virginia just closed its second straight year above $5 billion in foreign direct investment — and the capital is not going into low-margin call centers or basic assembly lines. It is flowing into automated factories deploying AI-assisted quality inspection, robotics integration, and real-time production analytics.

For U.S. companies reassessing where high-value goods get made, Costa Rica has become one of the most strategically significant answers in the Western Hemisphere.

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