Nearshore Americas
El Salvador tech park

El Salvador Begins Building a Tech Park and Bitcoin City

El Salvador looks set to follow in the footstep of Costa Rica, as the Central American country lays a foundation stone for building a technology park to boost its digital economy.

Under construction in the outskirts of San Salvador, the tech park will have eight office buildings with a total floor space of 46,000 square meters. There will be recreational centers, bus stations, and playgrounds, according to local real estate firm Grupo Aristos.

Interestingly, all the buildings in the park will be powered by a solar farm. Once completed, the tech park will house workstations for as many as 5,000 professionals.

“Altius was born in response to the demand for workspaces for local and foreign companies related to technology,” reported El Economista, qouting José Escobar, president of Grupo Aristos, as saying.

“We want to create a technological ecosystem that has never been seen before in the country, with corporate offices for BPOs, call centers, data centers, and software development firms.”

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Meanwhile, a Costa Rican firm called Codisa has agreed to build a data center nearby the park. Estimated to cost US$30 million, the data center will carry Tier III certification from the Uptime Institute.

El Salvador, which in September adopted Bitcoin as legal tender, has also begun constructing a Bitcoin City. However, there is no information as to how the City will look like and how it will promote the use of cryptocurrency in the country.

Narayan Ammachchi

News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

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