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The largest logistics center in South America is set to be inaugurated in November in the Argentine city of Benavídez on the northern outskirts of capital Buenos Aires.
The centre involved investments of US$200mn for the first stage out of a total investment of US$600mn for the project, which will cover some 100ha when complete.
"We have already developed the infrastructure for the first 37ha of Norlog, a distribution center that is now positioned as the largest in South America," said Pablo Andreani, president of Andreani Desarrollos Inmobiliarios, one of the four business units comprising Grupo Andreani which is carrying out the development, state news agency Télam reported.
Norlog joins a number of logistics centers being developed in the province with the aim of boosting the competitiveness of Argentine businesses after the devaluation of the peso against the dollar and the elimination of industrial export tax retentions in the agricultural sector and regional economies.
"One can see that there are infrastructure projects or that measures have been put into place to reduce the cost of Argentine production," Toyota Argentina president Daniel Herrero was reported as saying by Télam, adding that "this is good because it allows for the generation of new market potential to develop and export."
Argentine logistics company Plaza Logística currently has three buildings being developed in Buenos Aires province, in Pacheco, Pilar and Garín.
Back in August, Plaza Logística announced an investment plan of 3bn pesos (US$202mn) for 2016-18 to build four logistics parks in the metropolitan area of Buenos Aires. Part of the investments will also go to Plaza Logística's existing parks.
Argentina has a total of 300 industrial parks at present and close to half of them are located in Buenos Aires province.
However this inclination towards building logistics parks is not being seen in Buenos Aires, said Andreani. "There is a lot of interest in replicating the Norlog model in Mendoza and Córdoba," he added.