- Posted by México
- On Wednesday June 17th, 2020
- 0 Comments
Excellent outlooks come with 2020 for the growth of investments in Mexico. According to the estimates of the Organization for Economic Cooperation and Development (OECD), 2020 can have a growth of 1.2%, which contemplates a great difference if one takes into account that the 2019 estimate was 0.2%.
These estimates are based on the results obtained during 2019, which, with information from the Secretary of Economy, had an income of 26,055 million dollars in the period between January and September, and which in comparison with the same period of 2018, represents a 7.8% increase. As for the third quarter of 2019, Foreign Direct Investment totaled 7,300 million dollars and broke records compared to other preliminary quarters, this behavior had not been observed since AB InBev made the purchase of Grupo Modelo in 2013.
Data from the Secretary of Economy also reflect that the United States remains the main foreign investor with 34%, followed by Spain with 15.5%, Canada with 10.4% and Germany with 10.1%. Likewise, it was indicated that the industries with the greatest interest for foreign investment are: manufacturing with 44.5%, financial and insurance services with 13.9%, and commerce with 11.3%.
Three companies that made huge investments during 2019 and that plan to increase their participation during 2020:
With a total investment of 12,000 million pesos, Liverpool intends to improve the shopping experience of its customers, this investment will be divided into initial 9,000 million pesos at the end of 2019 and will be completed with 3,000 million pesos that will help start operations by 2021.
The purpose of Grupo Posadas is to continue with its expansion for the next 3 years, so to start with these plans, an investment budget of 22,972 million pesos was set up that will begin in 2020. The goal of this expansion is to build 46 new hotels in Mexico and the Caribbean, which equals 8,664 rooms.
To continue with the port growth in Mexico, the Philippine operator International Container Terminal Services, Contecon, plans to invest in the port of Manzanillo, Colima, a sum of 250 million dollars. This investment aims to increase the operator’s participation up to 40%, 5 points more compared to its current percentage, which will improve the transport network on the Mexican coasts.