Zara’s billionaire founder will do everything to prevent Elon Musk from reaching one of his main objectives

Elon Musk and Amancio Ortega are under discussion for industrial land in Spain.

Two billionaires are in a strong controversy for industrial land, according to the European press. On the one hand, Elon Musk, a businessman known for the main companies such as Spacex, Tesla and Hyperloop, owner of a fortune of $ 327 billion. On the other, the Amanacio Ortega Spagnolo, president and founder of Inditex, a conglomerate of textile companies that concentrate the famous Zara brand. Its equity is evaluated at 116 billion dollars.

According to the voices circulating in the European press, Elon and Amancio are found in a ferocious war of offer by industrial land located in Chece, a municipality in Spain in the province of Valencia.

The Ceja-Cañada Industrial Park has 1.5 million square meters, but arouses interest mainly in the strategic position. It is close to the AP-7 motorway, a railway network that would allow connections with Madrid and the port of Valencia, one of those with the highest traffic of Mediterranean goods.

Both did not publicly announce the projects that would have been carried out on the ground. According to the French press, Elon has piano has opened a gigantic factory dedicated to the battery of electric vehicles, in particular to strengthen Tesla’s industrial presence in Europe. It is estimated that the effort would cost $ 5 billion and considerably move the local economy. Amancio, also according to the voices, intends to develop two of his brands, Bershka and Tempe, in the region.

If Elon can beat the game because he is richer …

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Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.