INSUBCONTINENT EXCLUSIVE:
Mexico has received 209 investment announcements in the first seven months of 2024
These promises total $64.7 billion
The Mexican Ministry of Economy gathered this data
These investments could materialize within two to three years.American companies lead the pack with 46% of the announcements
German firms follow with 11% of the promised investments
Spanish businesses round out the top three with 8% of the total announcements.The manufacturing sector has attracted the most interest
It accounts for 56% of the investment promises, worth $36.2 billion
This sector includes beverages, automobiles, auto parts, iron, steel, and electronic components.Despite the flood of announcements, only 11%
of nearshoring-related investments have become reality
GBM Financial Group reported this figure
Between October 2023 and July 2024, 118 investment announcements promised $122.7 billion
However, only $13.2 billion in projects have actually started.Mexico Secures $64.7 Billion in Investment Promises
(Photo Internet reproduction)Executed investments include office and plant construction that has begun or finished
Unexecuted investments have not materialized in any form yet
Most executed announcements are in northern Mexico
slowdown in investment announcements
He attributes this to uncertainty surrounding election cycles in Mexico and the United States
Last year, between January and October, investment announcements totaled $35 billion
This year, the same period saw announcements drop to $30 billion.Mexico Secures $64.7 Billion in Investment PromisesPolitical uncertainty
from electoral processes in both countries has caused this trend
However, the gap between announcements and actual investments raises questions
It underscores the need for a stable political and economic environment to turn promises into reality.The coming months will be crucial for
Observers will watch closely to see how political developments influence investor confidence.
