The Metropolitan Area Planning Office of San Salvador (Opamss) has announced the approval of more than $2.1 billion in investment projects during the last six months of 2024, surpassing the initial projections.

Luis Rodríguez, the Executive Director of Opamss, confirmed on Wednesday that the total investment reached $2,102 million, exceeding the $2 billion target set between November and December 2024. “We closed the year with $2,102 million. There are 2,102 million reasons to say the plan has worked,” Rodríguez stated, emphasizing the impact of various initiatives in public investment, security, incentives, and institutional relations.

Rodríguez highlighted that the goal was achieved by mid-December, with a significant increase in project approvals towards the month’s end, resulting in a 187% rise compared to the same period in the previous year. He noted that the volume of approvals from June 2024, when he assumed leadership at Opamss, equaled a decade’s worth of work.

The residential sector experienced a 1% growth in 2024 and now comprises 51.3% of private investment in construction. Meanwhile, the hotel sector has expanded to 24% of total projects, with commerce and logistics sectors accounting for 7.3% and 13.8%, respectively. Logistic projects are primarily concentrated in the eastern districts of San Salvador, including Ilopango, San Martín, Soyapango, and Tonacatepeque, and the western districts of Apopa and Nejapa.

Rodríguez mentioned plans to enhance the logistics corridor in La Libertad Este and expressed optimism about surpassing $8.1 billion in investments for the current five-year period. He also hinted at two major projects, each valued at approximately $1.5 billion, which are currently under negotiation.

Looking ahead, Opamss aims to double its investment and further modernize both institutional operations and the private sector. In just six months, 60% of its institutional modernization goals have been achieved, setting a solid foundation for future growth.