Mexico will receive 495 new companies between 2024 and 2025 for nearshoring

The results of the observatory: foreign investment through nearshoring “confirm the interest of companies to operate in Mexico due to the relocation phenomenon,” the bank’s report reads.

In 2022, the Ministry of Economy spoke of the interest of 400 companies in coming to operate in Mexico.

The companies that would be arriving in the next two years will join the 830 new foreign companies that arrived in Mexico between 2018 – when the trade war between the US and China began – and 2022, according to data from the BBVA report.

AMPIP has around 430 industrial parks in 21 states of the country with more than 3,800 companies installed; with 25% of national companies and 75% of foreign origin; 97% have an export profile. At the end of last year, the industrial parks registered an occupancy rate of 97.9%.

The brake

Although new companies have arrived at Mexican industrial parks, there are factors that have affected foreign investment projects, such as: supply of clean energy at competitive prices, drainage and water, as well as issues of public safety and efficiency in procedures to maximize the opportunity offered by nearshoring.

Nine out of 10 respondents (91%) reported having been affected by the supply of energy, and 63% commented that the lack of water was what affected them; The ease and speed with which the procedures are carried out were also a problem for the companies.

Entities such as Chihuahua, Coahuila, Baja California, Nuevo León, Guanajuato, Jalisco, Querétaro and the States of Mexico were mainly affected by energy and water issues.

Guanajuato and Querétaro were the states where those surveyed reported the greatest problems due to energy issues with 47% and 44%, respectively.

While Calisto (44%) and the State of Mexico (40%), were the entities where the biggest problem was the procedures.