Manufacturing sector projects receive 56% of public investment announcements.
From January to September 2024, the private sector in Mexico announced 209 public investments totaling $64.7 billion USD, adding to the $110.7 billion USD reported in 2023. These investments have generated nearly 100,000 new jobs.
Key Highlights:
- Manufacturing Dominates: 56% of the investments are in manufacturing, with notable contributions from the beverage (42%), automotive (18%), auto parts (13%), iron and steel (9%), and aerospace (2%) industries.
- Recent Major Investments: Constellation Brands ($4.6 billion USD), Iberdrola ($2.9 billion USD), and Stellantis ($1.6 billion USD) announced significant investments between August and September 2024.
- Top Investor Countries: The United States (46%), Germany (11%), and Spain (8%) lead in investment origins.
- Leading Economic Sectors: Besides manufacturing, construction (12%), commerce (11%), mass media (10%), and transportation (8%) are key sectors.
- Top States for Investment: Querétaro and Nuevo León (11% each), Veracruz and Estado de México (10% each), and Guanajuato (5%).
The surge in investment announcements, surpassing $64 billion USD, underscores Mexico’s growing appeal as a hub for industrial and economic development. With manufacturing leading the charge, this influx of capital not only promises substantial job creation but also signals a robust and resilient economic future. As international investors continue to recognize Mexico’s potential, the country is poised to strengthen its position on the global stage, fostering innovation and sustainable growth.
Reference: Redacción,(30 de septiembre de 2024). Suman más de 64,000 mdd en anuncios de inversión en México. Mexico Industry. https://mexicoindustry.com/noticia/suman-mas-de-64-mil-mdd-en-anuncios-de-inversion-en-mexico
