Guatemalan company Inversiones Globales Estratégicas (IGE) has announced a $10 million investment in the construction of Premier Zaragoza, a new residential complex in El Salvador. This marks the company’s first project as part of a larger $150 million investment package planned for the country.
IGE, which entered the Salvadoran market two years ago, will lay the project’s first stone this Thursday. The development aims to meet the growing demand for housing in Zaragoza, a district experiencing significant industrial and residential expansion.
“We chose Zaragoza because we believe it is an area with substantial growth potential in El Salvador. We see a lot of development happening there. It is a strategic location, just 15 minutes from San Salvador and Puerto de La Libertad,” said Adolfo Gómez García, IGE’s operations manager.
Premier Zaragoza will consist of 42 two-story homes, each measuring 112 square meters. Every residence will feature three bedrooms, two additional rooms, and a family living space, which Gómez described as “something new in the market for homes of this size.” The houses will also include three parking spaces, two of which will be covered.
According to Gómez, each unit will be priced at $260,000. During the pre-sale phase, 30 homes have already been reserved. The company expects to complete and deliver the complex between April and May 2026. During construction, the project is set to generate 150 direct jobs and 500 indirect ones.
The executive emphasized that the design and quality of the finishes will give Premier Zaragoza a “significant advantage” in a region that has seen multiple residential developments, particularly in the neighboring district of San José Villanueva. “This will be our stronghold,” he added.
Gómez also revealed that Premier Zaragoza is just the beginning of IGE’s broader expansion in El Salvador. Over the next five years, the company plans to invest $150 million in various projects across the country. He praised the country’s investment climate, noting that IGE has received “support that is rarely seen elsewhere.”
“We have seen very positive changes in El Salvador, particularly in security and infrastructure. We see that both the authorities and the people are progressing,” he said.
As part of its upcoming projects, IGE has acquired six manzanas of land in San Juan Opico for the development of an industrial complex.
The company specializes in both vertical and horizontal residential projects, as well as industrial parks, and sees El Salvador as a key market for future growth.