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In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
22 July 2024In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreAs part of its commitment to the sustainable development of Barranquilla and the planned growth of its metropolitan area, Grupo Argos and Fedesarrollo will begin an impact assessment to identify the main changes in quality of life experienced by the families of Ciudad Mallorquín and quantify the contribution of these types of multi-strata projects, with the highest standards of urban planning, environmental, and mobility, to the formation of social capital.
For the development of this project, the company formed an alliance with Fedesarrollo, an entity that has served as an independent think tank for over 50 years to promote debate on issues of general interest, to conduct a study using the difference-in-differences methodology that allows comparing the change between households that are part of Ciudad Mallorquín and others with similar specifications that are not located in this area. In the initial stage, more than 2,400 surveys will be conducted.
“We are fully convinced of the positive impact that multi-strata projects like Ciudad Mallorquín generate on social mobility, investment attraction, and regional economic development. This study aims to validate the various academic theories that have been woven globally about urban development.”
María Clara Aristizabal, Manager of Urban Development Business at Grupo Argos
Ciudad Mallorquín is an inclusive and sustainable housing project that seeks to connect the inhabitants of the Barranquilla metropolitan area with the highest standards of urbanism and complete systems of public spaces, bike paths, and additional services. It includes the construction of 16,000 homes, a significant contribution to reducing the quantitative housing deficit in Atlántico, which amounts to 32,000 homes, meaning this initiative would cover more than half of that gap. It is part of an ecosystem of developments up to stratum 6, which implies that people under different conditions will be able to share the space, thanks in part to the park that will be built and will be the largest in the metropolitan area, with 130,000 m2 of public space and green corridors.
The project involves 11 construction companies from Barranquilla, Bogotá, Medellín, and Santander, which are investing more than COP 2.2 trillion, a virtuous circle that has flourished in Barranquilla over the last 20 years. In addition to these medium and long-term benefits, there are other more immediate benefits for the region from the development of this project:
In 2023, 45% of Grupo Argos' revenue came from 20 countries and territories outside of Colombia
Read moreCompanies within Grupo Empresarial Argos have executed over USD 100 million in their share repurchase programs
Read moreWith the protection of three important watersheds in Antioquia and Tolima, Grupo Argos Foundation reaffirms its commitment to water conservation in Colombia
Read moreThe Mayor's Office of Barranquilla, the Urban Development Business of Grupo Argos, and Tecnoglass agreed to complete an important road circuit consisting of Carrera 75A, Calle 98, and Vía 40 in the northern part of the city
Read moreDuring the second half of 2024, Grupo Empresarial Argos will reach 20 million trees planted, establishing itself as a leading organization in the conservation of ecosystems in the country.
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