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[BUSINESS] · Spain · 5 sources

Elche Parque Empresarial expansion approved with €37.5 million urbanisation plan

The municipal agency PIMESA has approved the project to expand Elche Parque Empresarial, authorising a tender for urbanisation works valued at approximately €37.58 million. Mayor Pablo Ruz called the investment historic, citing its potential to attract new companies, create jobs and cement Elche’s role as a major industrial hub in the Valencian Community and Spain. The expansion will cover 569,260 m², including 276,264 m² for industrial and tertiary use, 136,284 m² of road networks, 139,471 m² of green areas and 17,241 m² for public facilities. A comprehensive plan adds nine main roads, seven roundabouts, shared‑lane sections, bike lanes, parking, and full utility networks. Over €5 million is earmarked for hydraulic infrastructure, featuring two large storage tanks capable of holding more than 110,000 m³ of water to improve flood resilience. Vice‑mayor Francisco Soler said licensing and the tender process should be completed within about six months, accelerating the city’s economic growth strategy. The same expansion was highlighted in other local coverage, noting Ruz’s warning that new camps cannot be installed while licences remain suspended.