To capitalize on the favorable business climate and security conditions in El Salvador, the Honduran company Inmobiliaria Hondureña del Valle (Inhdelva) has announced plans to invest $100 million in a cutting-edge industrial park in Lourdes, Colón. The project, initiated by Grupo Kattan, is set to become a major player in the region’s industrial landscape.
The industrial park, set to cover an initial land area of 175,000 square meters, will boast world-class infrastructure with 10 industrial and logistical warehouses of varying sizes. Construction is slated to commence in March 2024, with operations scheduled to begin in November of the same year under the banner of Inhdelva El Salvador.
The company’s CEO, Guillermo Kattan Salem, expressed optimism about the venture, stating that the strategic location, talented workforce, and favorable business environment in El Salvador were pivotal factors in their decision to establish the industrial park. He highlighted the incentives provided by the Republic of El Salvador through the International Services and Free Zones Law, emphasizing the country’s commitment to fostering a conducive environment for business growth.
The Salvadoran government, represented by Secretary of Commerce and Investments Miguel Kattan, welcomed the investment, affirming ongoing efforts to position El Salvador as the most attractive destination for regional and international investors. Kattan emphasized the government’s dedication to maintaining citizen and legal security, investing in infrastructure, and streamlining trade facilitation to continue attracting regional investors.
The industrial park, operating under a mixed-use concept, will feature two zones: Local-regional and international markets, operating within the framework of Free Trade Zones and the International Services Law. The location’s strategic positioning will offer businesses proximity to key transportation hubs and easy access to major highways, facilitating seamless logistics and supply chain operations.
The “Build to Suit” construction model will be employed, allowing the tailored development of the project to meet the diverse needs of various industries. The industrial park is expected to generate approximately 300 direct jobs during the construction phase and is projected to employ around 3,000 people once operational, contributing significantly to local economic development.
As El Salvador continues to advance its vision of becoming a logistical and production hub, Inhdelva El Salvador’s investment represents a crucial step in attracting foreign direct investment, fostering job creation, and stimulating economic growth within the region.