In addition, these announcements are projected to create 62,940 new direct jobs.
By country of origin, the majority of the investment in these ads is from USA (48%), followed by Germany (15%) and Japan (10%).
But the agency headed by Raquel Buenrostro highlights that China and France are among the main countries interested in investing in Mexico, particularly in the automotive and natural gas sectors.
Of the public investment announcements, 53% are aimed at projects in the manufacturing sector, and within this sector, the following industries stand out: beverages, automobiles, auto parts, iron and steel, and electronic components.
Of the total expected job creation, the automotive industry accounts for 45% (28,423 new direct jobs).
By state, Querétaro leads the list of investment amounts, with 14%, followed by the State of Mexico, with 10%; Nuevo León, with 9%; Puebla, with 6% and Coahuila, with 5%.
These were the main investment announcements made in June:
- Engie, gas pipeline construction – $2 billion.
- Walmart, self-service store sales – $1.862 billion
- Volkswagen, automobile manufacturing – $1.087 billion.
During the first half of 2024, the private sector made 143 foreign investment announcements with an expectation of more than 45 billion dollars and the potential creation of 62 thousand new jobs.
Mexico is positioned as an ideal destination for investments, which… pic.twitter.com/6zuXQwy3D8
— Mexican Economy (@SE_mx)
July 9, 2024
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