Zonamerica

repaid

Zonamerica leases free zone office and warehouse space. The Company has focused its investments on the logistics sector, technology companies (software and biotechnology), and multinationals that provide shared services and offshore financial services. With this operation, the Corporation seeks to support Uruguay's sector of logistics, technology, and business platform parks, which has proven to be highly competitive in the MERCOSUR area, capitalizing on such comparative advantages as location, availability of skilled labor force, and infrastructure.The project consists of several subprojects: (i) construction of an office building (@3) as part of a complex with four intelligent buildings (Silicon Plaza) that will house software development and high-tech companies; (ii) transforming two warehouses into office buildings; (iii) converting an industrial plant into an office and laboratory building to attract biotech companies; (iv) investing in complementary technological, service, and infrastructure equipment to improve the services currently provided and meet the demand generated by the increased capacity of the park; and (v) investing in surrounding land for future Zonamerica development. The goal is to consolidate Zonamerica's position and maintain its competitive advantage over other free zones and industrial parks that cannot offer the same mix of benefits, infrastructure, and range of services.The IIC's role in the proposed operation is important because it will enable Zonamerica to expand its services and consolidate its position as a reliable provider of technology and business platform services. This long-term financing will lead to the creation of 1,100 jobs in the park, in addition to 300 jobs during construction.