Mexico continues attracting significant foreign direct investments (FDI), because in the period between March 15 and April 15, 2024, they were publicly announced 20 new investment projects, with an approximate amount of 5 billion dollars (mdd), according to the monthly monitoring carried out by the Ministry of Economy.
This announcement is added to the 73 FDI projects received between January 1 and March 15, which totaled 31,512 million dollars. With these new 20 projects, The country accumulates 93 public announcements of foreign direct investment, with an investment expectation of 36,153 million dollars.
It is estimated that this amount will enter the country in the next two or three years, generating a positive impact on the national economy.
What are the benefits of foreign investment in Mexico?
One of The most significant benefits of these investments is the creation of new sources of work. From January 1 to April 15, The expectation of job creation derived from public investment announcements is 47,702 new direct jobs.
Some of the most notable announcements in this period are Tango Solar Spain, in the energy sector (generation), with an investment of 1,172 million dollars, representing 3 percent of the total announcements.
Sempra of the US, in the transportation sector (gas through pipelines), with an investment of 550 million dollars, equivalent to 2 percent of the total announcements, and is followed by Sailun Group of Germany, in the manufacturing sector (auto parts), with a investment of 427 million dollars, corresponding to 1 percent of the total advertisements.
It should be noted that 54 percent of public investment announcements are destined for projects in the manufacturing sector, highlighting the beverage industries (53 percent), auto parts (18 percent), iron and steel (10 percent), automobiles ( 10 percent), electronic components (2 percent) and others (7 percent).
Regarding job creation, the automotive industry concentrates 48 percent of the new direct jobs, with 23,079 jobs.
The Ministry of Economy reported that in 2024, a reconfiguration of the investments announced by federal entity is observed, reducing the concentration of investment amounts in the main five entities.
Until 15 April, Queretaro leads the investment announcements with 5,783 million dollars (16 percent of the total announcements), followed by the State of Mexico with 4,542 million dollars (13 percent of the total announcements); Nuevo León with 3,646 million dollars (10 percent of the total announcements); Sinaloa with 1,687 million dollars (5 percent of the total announcements) and Coahuila with 1,662 million dollars (4 percent of the total announcements).
