In the first seven months of this year, the private sector has made 166 investment announcements in Mexico, with an expectation of capital injection that exceeds 48 billion dollars (mdd) , according to the count made public this Monday by the Secretariat of Economy (SE) .
Most of these investments are concentrated in the manufacturing sector , which covers 53% of the total announced, followed by commerce with 14% and transportation with 11%, according to the data shared.
The main projects include the construction of a fertilizer plant by Mota-Engil and Duro Felguera in Veracruz, with an estimated investment of $1.2 billion, and the expansion of Mars Petcare in Querétaro, which involves an investment of $196 million in the manufacture of animal feed.
Additionally, Harman , a South Korean company, will invest $115 million in the manufacturing of auto parts.
In geographical terms, Querétaro leads as the entity with the highest investment capture , accumulating six thousand 886 million dollars, which is equivalent to 14% of the national total. They are followed by the State of Mexico with four thousand 692 million dollars and Nuevo León with four thousand 159 million dollars.
On the other hand, the Ministry of Economy observes notable investment interest from countries such as the United States, Germany and Argentina, which together represent 69% of the total announced foreign direct investment.
The United States tops the list with 46% of the total amount, which reflects the strong commercial relationship between both countries and the confidence of the American private sector in the Mexican economy.
The United States is the main destination of Mexican exports , just over 80%, and since this year it has become the majority trading partner of the northern neighbor.
The federal agency’s report also accentuates the entry of China, France and Portugal among the main countries interested in investing in Mexico, especially in the automotive sector, natural gas and fertilizers.
Comment and follow us on X: @GrupoT21
