The Miramar Free Zone business park was officially opened last week at a ceremony attended by Mr Miguel Lacayo, El Salvador's Minister of Economics, Mr Kevin Burke, president of the American Apparel and Footwear Association AAFA, and Mr Yasuo Sugihara, executive director of Juki Corporation, Japan.

The first phase of the project has a capacity of 44,000 square meters. Land preparation started in November 2000 and the first industrial building was leased in June 2001. Up to 5,000 new jobs are set to be created over the next three years as new companies move into the area.

Businesses already committed to Miramar include Central American Cutting Center, a member of the Argus International Group and one of the largest fabric cutting rooms in central America; IBIS El Salvador, an affiliate of Mexico's IBIS Group and a supplier to Levi Strauss and Haggar; JUKI from Japan, the world's largest sewing machine manufacturer which is operating a regional centre for Central America; and DHL, which has opened a logistics centre.

The industrial park is located at Olocuilta, 20 kilometres from San Salvador and 11 kilometres from the international airport.