The Panamanian government announced that Grupo Rey plans to invest in the construction of a distribution center, which will be located in the community of Pacora on a 55-hectare plot of land.

According to the Government of Panama, the Ecuadorian consortium Corporacion Favorita, owner of Grupo Rey, which groups a chain of supermarkets and stores, is planning to execute an ambitious investment plan in the next few years.

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The press release from the Presidency of Panama specifies that the company plans to invest $80 million and generate 1,200 jobs in the construction of the work and another 400 in its operation stage.

This new project, which will be built on a 55-hectare site, will house a 55,000 square meter plant that will include large capacity warehouses that will operate as a distribution center for dry and cold products, as well as a grain and vegetable packing plant, always following the optimal biosecurity measures for the well-being of collaborators and clients, according to the official document dated March 29, 2021.

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Hernan Muntaner, CEO of Grupo Rey, explained that “… this is the most ambitious project of Corporacion Favorita, which has among its goals to become one of the best companies in Latin America

The community of Pacora was chosen because of its potential to become an expansion zone and a logistics hub in the coming years. Grupo Rey has included in the project the construction of a highway that will extend over 3.4 kilometers of concrete, which will not only allow quick access to the Center for carriers and collaborators, but is also its commitment to the expansion and development of this entire area, to turn it into a new and large logistics hub, said Muntaner.

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