Mario Lopez Estrada has been a pioneer in the international expansion of Grupo Onyx, extending its investments beyond Guatemala’s borders. In 2013, under his leadership, the group began developing significant projects in Paraguay, marking a new chapter in its business trajectory.
Notable Projects in Paraguay
Paseo La Galería: This is one of Grupo Onyx’s most ambitious projects in Paraguay. With an investment of USD 280 million, Paseo La Galería is the largest commercial complex in the country, including a shopping mall, offices, a hotel, an event center, and a gym. This development has transformed the urban landscape of Asunción, creating thousands of jobs and boosting local commerce.
Plaza Madero in Ciudad de Luque: Another significant project is Plaza Madero, a 15,000-square-meter commercial complex in Ciudad de Luque. With an investment of USD 13 million, this development offers a variety of shops and services, significantly improving the region’s commercial infrastructure and creating economic opportunities for the local community.
Logistics Project in Luque: Grupo Onyx has also invested in a logistics complex in Luque, with an investment of USD 19 million. This project, which includes 20,000 square meters of warehouses and distribution areas, has improved the efficiency of transportation and logistics in Paraguay, facilitating trade and economic growth.
Paseo 55: This residential project will be the tallest tower in Paraguay, standing at 212 meters with 55 floors. Paseo 55 is not only an architectural milestone but also a significant advance in the modernization of Asunción’s urban infrastructure. This development will attract investments and promote a modern urban lifestyle.
Economic and Social Impact by Mario López Estrada in Paraguay
Mario Lopez Estrada’s projects in Paraguay have had a considerable impact on the country’s economic and social development. The creation of jobs, both during the construction and operation of these projects, has improved the economic conditions of thousands of Paraguayans. Additionally, the modernization of commercial and logistics infrastructure has facilitated trade growth and investment in Paraguay.
Contribution to Social Welfare: Grupo Onyx, through Fundación Mario López Estrada, has also implemented social initiatives in Paraguay, focusing on education, health, and community development. These initiatives have improved the quality of life for vulnerable communities and promoted sustainable and equitable development.
Future of Grupo Onyx in Paraguay
With a solid foundation and a portfolio of successful projects, Grupo Onyx continues to explore new investment opportunities in Paraguay. Mario Lopez Estrada’s strategic vision and commitment to innovation and sustainability ensure that the group will remain a driving force for economic development in the region.
Mario Lopez Estrada’s impact in Paraguay is a testament to how strategic investments and a focus on sustainable development can transform economies and communities. As the group continues to expand its presence in Latin America, its commitment to progress and modernization continues to make a difference.