El Salvador creating a free trade zone in La Unión

El Salvador is in the process of creating a free trade zone in La Unión, with the first 14,000 square meters of techno-industral space to be ready in September.

Tuesday, July 22, 2008

The project, financed by investor Mario Menéndez, consists of two large buildings 14 meters high and well ventilated. They are designed as factories, with one for a production line and the other for storage and loading, along with administrative offices.
The work is 90 percent completed, with all facilities in compliance with international standards, from electrical wiring to gas and water.
Menéndez did not say how much money has been put into the project, but independent estimates suggest it is at least 1.5 million dollars.

More on this topic

New Free Trade Zones Announced in Nicaragua

January 2017

Vice president Rosario Murillo gave details on 10 new projects to be executed in the next six months for free zones dedicated to different productive activities.

The 10 projects announced are:

1- Call Center in Managua DMF, 102 direct jobs, 2.7 million investment. 

More and More Free Zones in Nicaragua

February 2013

With a record $2.207 billion in exports last year in 2012, the nation aims to continue growing its free zone regime, both in terms of the number of companies and volume of exports.

Beyond having obtained these successful figures, the aim is to attract more businesses and diversify economic activities.

Costa Rica Doesn’t Attract Investment Outside GAM

September 2012

Although tax incentives have been granted by the government, a lack of good telecommunication services and public infrastructure deters investors from setting up in less developed areas.

In 2010 reforms were introduced to the FTZ Act for the purpose of complying with the terms set by the World Trade Organization (WTO).

Construction of El Salvador's La Unión port reaches closing stages

May 2008

Construction of El Salvador's new port, La Unión is now in its final stages, following the investment of US$96.3 million, the Executive Port Commission (CEPA) reported.

Albino Román, the CEPA president, said that docks for passenger, cargo and multi-purpose traffic have now been concluded, providing 820 meters of moorings. "Whichever company wins the operating concession will have to invest a lot on equipment," he added.

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