Investments in Mexico Reach $59.9 Billion in the First Three Quarters of 2024

14:01 22/09/2024 - PesoMXN.com

In Mexico, investment announcements have totaled $59.9 billion from January to September of this year. According to a report by the Ministry of Economy published on its platform Data Mexico, 197 public investment announcements have been recorded during this period.

The United States leads this list with a total of $26.31 billion, followed by Germany in second place with $6.49 billion, and China in third with $3.57 billion. The states that have received the most investment announcements in these first nine months are Querétaro ($7.17 billion), State of Mexico ($6.41 billion), Nuevo León ($5.99 billion), and Veracruz ($4.94 billion). In terms of sectors, manufacturing dominates the announcements with $33.73 billion, followed by commerce with $6.91 billion, construction with $6.61 billion, transportation with $5.13 billion, and mass media with $4.96 billion. Among the most notable announcements from January to September are those from Femsa ($9.97 billion), Amazon ($4.96 billion), DHL ($4 billion), Walmart ($3.99 billion), and Constellation Brands ($3 billion). From January 2023 to the present, total investment announcements amount to $170.64 billion, which, according to the Ministry of Economy, demonstrates investor confidence in the Mexican economy to promote the development of industries at both local and global levels.

Commenting on this topic, it's noteworthy how the steady flow of foreign direct investment not only reflects confidence in our economy but also creates job opportunities and technological development in the country. It is essential for authorities to continue fostering an attractive environment for investors by maintaining stable policies and promoting the necessary infrastructure to sustain this growth.