PROJECT

Projects

Summary of Investment Information

Project Number

37826

Company Name

Bioparques de Occidente, S.A. de C.V.

Date SPI Disclosed

Jul 7, 2016

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Aug 23, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 14, 2025

Department

Regional Industry MAS LAC & EUR

Industry

Agribusiness and Forestry

Previous Events

Approved : Sep 29, 2016
Signed : Oct 17, 2016
Invested : Oct 31, 2016

Sector

Fruits and Vegetables

Project Description

Bioparques de Occidente, S.A. de C.V. (“Bioparques” or the “Company”), a tomato producer is undertaking a $15.5 million investment program to add 50 hectares of hydroponic greenhouses to its existing greenhouses in the state of Jalisco, Mexico. The investment includes acquisition of greenhouses and irrigation equipment, construction of housing facilities for its workers and land acquisition.

This project is IFC’s third transaction with Bioparques and builds on a partnership begun in 2008, when IFC provided a $12 million loan to the Company.

Associated Advisory Engagement

Advisory Services are not required for this project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation