Punto Fijo has the world's largest oil refinery complex, the Paraguan� Refinery Complex (CRP is its Spanish acronym), which consists of the Amuay and Card�n Refineries (both part of the CRP). The operation refines around 1MM barrels per day, and all of these petroleum products are fuel for the local and regional economy. Also, Punto Fijo possesses the second most important fishing fleet in Venezuela, and has an industrial zone where electronics plants and light machinery plants are located.
Nowadays Punto Fijo is experiencing growth in its commercial activity because of the implementation of a Free Zone for Turistic Investment, that allows to import goods (electronics, alcoholic beverages, textiles, and so on) free of national taxes. Now the city boasts growing settlements of important investment groups. This has made it necessary to improve roads, hotels, electric power grids, and general services infrastructure.
The progressive development that Punto Fijo is facing currently has given incentive to local, municipal, state and national authorities to carry out public building works that the city needed years ago. This includes the main bus station, repairs to public roads, and settlement of a new thermo electricity energy plant "Josefa Camejo". The private sector has made investments as well, like the Sambil Mall Paraguan�, and Paragun� Mall. These new complexes now join the most important mall in the city: Centro Comercial y Recreacional Las Virtudes
