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Latin America Investment News on Viva Tropical

Salvadoran Entrepreneurs Step Up to Increase Tourism with Six Mega Projects

Article Summary:

The Association of Tourist Developers Coastal Marine (Promar), led by renowned Salvadoran entrepreneurs, recently presented to the Government an ambitious folder of six mega resorts with high potential to attract investment to the country, to run in the next 14 years, valued at $ 2 million. Three of the projects have the capacity to develop in the next three years, including an airport in La Union.

Photo Credit: El Mundo

Original Article Text From El Mundo via Google Translate :

Tourism Investment Ready by $ 2.000 mills

A group of Salvadoran entrepreneurs have ready a portfolio of six mega projects. The Association of Tourist Developers Coastal Marine (Promar), led by renowned Salvadoran entrepreneurs, recently presented to the Government an ambitious folder of six mega resorts with high potential to attract investment to the country, to run in the next 14 years, valued at $ 2.000 million.

Three of the projects have the capacity to develop in the next three years, as building an airport in La Union and two resorts.

These works of coastal-marine nature include hotels, restaurants and apartment complexes in different parts of the country, said Mark Guirola, president of Promar.

To promote these initiatives not only attract development to the country, but more dynamic productive sectors such as construction and service companies, generating new 26.600 166.000 direct jobs and indirect Guirola said.

He noted that the projects have already been formulated and are being planned by the association. Even, it has the land and models of each of the projects. However, Promar is looking for investors wishing to bet on the six mega-projects, said Guirola.

In that sense, sought meet with the Technical Secretariat of the Presidency to present their proposals in the framework of the consultations that the Government done to identify areas and projects to work for the second Fomilenio to develop in the coastal belt.

“These projects could be national development zones and no possibility to chain with the second Fomilenio to make investment and capacity built around a theme productive,” he said.

The owner of Promar said the project design are consistent with the vision of Fomilenio, as it includes initiatives socially inclusive and sustainable for the environment.

“They have not only thought but also generate investment in generating sustainability and social inclusion, which means that the community around the project site also gets a benefit from that investment (community development),” he said.

Airport in La Union
The private investment project is more strategic Promar to build a regional airport capacity in La Union, said Guirola.

“This project would trigger a logistics development in the area, and would facilitate the connections between Nicaragua and Honduras was the international markets,” he said.

This is consistent with the Government’s vision of converting the sea-coast area into a center of specialized logistics services, with the implementation of the second Fomilenio.

Promar six megaprojects
1. Crowns of the sea
Would be located on the coast in San Luis Talpa, La Paz, about 24 minutes from the Comalapa International Airport. In the 200 acres of land would be built several hotels, beach apartments, an educational center and a marina. The total investment of about $ 190 million and would be developed in six stages.

2. Secret Beach
This reversal of Promar would focus on the construction of 12 hotels, a marina, and a 3.295 housing solutions and a golf course in the coastal area of ​​Puerto de La Union. The area of ​​land exceeds 245 hectares. The investment cost exceeds $ 100 million.

3. Salamar / The Icacal
Located in Usulutan in a large area of ​​land on its shores. Include hotels and restaurants and apartment complexes. Its construction would include public and private investment since the government will invest in the area into a recreation center. The investment cost exceeds $ 25 million.

4. Marina Velazul
Be located in the Gulf of Fonseca and is the development of a marina, comprising a small estuary naturally pristine countryside. Promar says the inauguration of this project will provide a steady stream of foreign visitors to the community of the Gulf.

5. Airport
The airport has designed Promar would be located in the coastal area of ​​province of La Union. The total project exceeds $ 200 million. In the first stage, invest $ 77 million for the construction of the passenger terminal, runway and other infrastructure for aircraft operation.

6. San Juan del Gozo
Be developed in the Bay of Jiquilisco in Usulutan, taking advantage of its beauty, unique in Central America. Part of the development includes, indicates Promar, private homes along the water edge of the Bay, Puerto El Triunfo, the Marine Club and Hotel Barillas, in coexistence with small towns.

Government will invest $ 10 million in tourism
The public investment in the tourist industry will be about $ 10 million during 2012, according to the Ministry of Tourism (Mitur).

This portfolio of state will bet five strategic projects, among which is a mountain hotel in the Cerro Verde and Icacal complex, which would be developed in the form of public-private asocios and the construction of the Plaza Seafoods in La Freedom.

The implementation of these projects will have a significant economic impact on the country, which are expected to generate more employment opportunities in that area, said Jose Napoleon Duarte, head of Mitur.

The official said the project is running closer to the Plaza Seafoods in La Libertad, which will invest $ 4.5 million. The works would start in late marzo.Esta Square will host micro and small tourism businesses currently providing their food service in difficult conditions, next to the resort of Puerto de La Libertad.

The square will have a capacity of 900 tourists who can enjoy the cuisine of more than 80 micro and small entrepreneurs.

Other public investment project is the Adventure Park, which will be divided into two parts, each worth $ 1 million, reported Mitur.

Link to Original Article:

From El Mundo

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