Groundbreaking ceremony of Hofusan Industrial Park held in Mexico on Aug 25 marks an official start to the project. [Photo/zj.zjol.com.cn]

Hofusan Industrial Park located in Monterrey, Nuevo León, Mexico has entered into an infrastructure construction phase since it held the groundbreaking ceremony on Aug 25.

The Hofusan Industrial Park is a co-investment of the Chinese companies Holley Group and Futong Group, and the Santos Cantu Family. With a total investment of $300 million, they will develop the 850-hectare park in Salinas Victoria, Nuevo León.

China's Belt and Road Initiative is designed to encourage companies go out of the country and engage themselves more in infrastructure construction and trades  around the world.

Since Holley Group has an industrial park that was developed in Thailand in  2006, which houses 90 companies and 25 thousand jobs in an area of 400 hectares, they decided to replicate the success in an industrial park, and now in the American continent.

Holley Group built an industrial park in Thailand on 2006. [Photo/ zj.zjol.com.cn]

Wang licheng, Chairman of Holley Group, said that they selected Nuevo León because it is an extremely developed industrial state with a diverse, reliable and complete infrastructure.

"We set out to develop an international industrial park, which will attract companies from China and around the world," he said.

Recalling the Holley Group industrial park developed in Thailand, in which 25,000 jobs were created in 400 hectares, both entrepreneurs said they expect to reach the same number and create 20,000 to 25,000 local direct jobs by the time the total project is completed.