More than 12,000 people are employed in El Salvador by companies installed in these industrial parks.
14 percent of the total exports coming out of the free zones in El Salvador are produced in the parks run by the company Aristos Inmobiliaria.
The CEO of the Salvadoran group, Edwin Escobar, explained that the statistics cover products in the textile sector and the regional logistics part.
14 percent of El Salvador’s total exports coming out of the free zone regime leave our parks. Edwin Escobar, CEO of Aristos Real Estate
The company operates American Industrial Park, with more than 30 years of experience in the market and located in the district of Ciudad Arce, municipality of La Libertad Centro, as well as the El Progreso Industrial Park, in Santa Tecla, La Libertad Sur.
Aristos also built Apollo Industrial Park, Altius Tech Park and Sirius Industrial Park.
The company will also continue to invest to continue developing the growth of the free zone with Orion Industrial Park and Altius in 2025, in the latter the technology center called Data Trust already operates.
We have Altius, Data Trust,Air Citya wide range of projects promoted in parallel. Our commitment to El Salvador has always been and remains absolute, we are Salvadorans and we want to see the country prosper,” Escobar added.
According to Escobar, more than 50 national and international clients provide employment to more than 12,000 people work in the industrial parks of Aristos Real Estate.
Investment
Aristos Inmobiliaria plans to allocate more than $85 million for its various projects in 2024, while next year the anchoring could amount to $125 million.
For the next five years, the company part of Grupo Aristos plans to invest more than $350 million.
The company’s spokesman said they have observed new investments that had not been traditional before, such as the auto parts sector.
“We are seeing a new flow of auto parts companies coming to the country which seems favorable to me to be able to diversify the country’s industry,” Escobar said.
Bet
Data Trust was inaugurated last July by company leaders and Republican President Nayib Bukele.
Escobar said that after this date, many companies have outsourced their interest in settling in the technology center.
Two companies are interested in locating their operations at this point, both global leaders, according to Escobar.
The company’s CEO recalled that the Data Trust would be developed in three phases, but that, if it reached an agreement with both companies, it would cover 33% of the project and drive the leap into the second phase.
Aritos Real Estate expects companies to be installed by the end of 2024.