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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Tourism: The Tourism Ministry of the northwestern state of Baja California announced a US$1.5 billion infrastructure development plan to support tourism. Projects include a hotel golf course and marina complex at San Felipe and a new airport for the Pacific coast city of Ensenada. (Reforma, January 28, 2020)
  • Pharmaceutical: U.S. drug maker Pfizer plans approximately US$20 million in investment to support Mexico operations this year, the company reported. Projects include ongoing renovation of the company’s Toluca manufacturing plant, development of clinical research protocols, educational programs and social responsibility projects. (El Financiero, January 27, 2020)
  • Ports: The Mexican government announced infrastructure and logistics firms Caxxor (UK) and Acxesa (Mexico) will invest approximately US$287 million to rehabilitate and expand the Puerto Chiapas port on the Pacific coast of the southern state of Chiapas. Acxesa plans to make further investments to begin operating maritime freight lines from the port to China via Guayaquil, Ecuador. (El Sol de México, January 25, 2020)
  • Logistics: U.S. logistics operator FedEx Express inaugurated an expansion to its fiscal warehousing complex at the international airport in the central city of Toluca, the company reported. The US$24.6 million expansion will allow the company to reduce processing time for both imports and exports at the site. (El Financiero, January 24, 2020)
  • Food processing: Swiss processed foods giant Nestlé reported plans to invest approximately US$700 million to modernize the 17 plants the company operates in Mexico. Projects include US$200 million for an environmentally cutting-edge coffee processing facility in Veracruz as well as latest technologies for boosting productivity, improving operational efficiency, expanding production cpacity and guaranteeing responsible natural resource management. (El Financiero, January 23, 2020) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Wind power: Spanish energy infrastructure developer Iberdrola plans to triple the capacity of a wind power generation park it operates in the southern state of Puebla, the company reported. The US$290 million expansion is planned to include 51 new 2.6 Mw turbines and supply electricity for Grupo Modelo beer brewing operations. (El Financiero, August 31, 2018)
  • Retail: Mexican commercial real estate developer Gicsa plans to inaugurate three new retail and entertainment complexes this year under the concept “malltertainment.” The sites will include shopping, restaurants and entertainment offerings and are intended to serve as tourist attractions in the cities of Mérida, Puebla and Querétaro. (El Financiero, August 29, 2018)
  • Logistics: German logistics multinational DHL reported it will conclude a US$80 million investment program in Mexico this year, a record high for the company in this market. Projects include adding 605 new vehicles to DHL’s Mexico delivery fleet, as well as 100 additional sales locations and two new service centers. (Reforma, August 30, 2018)
  • Commercial real estate: Private real estate developers are preparing to launch construction of three new shopping malls this year in Mexico via total investment of over US$850 million.  The cities of Guadalajara, Mérida and Metepec will host the new retail developments, which in some cases will include office space and residential complexes. (Reforma, August 27, 2018)
  • Leisure: Mexican multinational children’s entertainment center operator KidZania reported it will invest approximately US$24 million to build new locations and upgrade existing ones. Key upgrades include equipping KidZania centers with “internet of things” technologies. (El Financiero, August 22, 2018) Continue reading Recent and upcoming investment in Mexico