New foreign investment confidence boosts in Mexico

Scenarios for new investment attraction have been positive for Mexico.   Marcos Álvarez, Business Intelligence Director of Market Analysis, highlighted Mexico's ranking as an appealing country for investment despite two key aspects: the impact of the New Free Trade Agreement (T-MEC) and the Covid-19 pandemic, which has shaken the global economy.

"Mexico ranks as one of the most attractive countries in terms of investment destination and, above all, in terms of labor costs. During the first three quarters of the year, 2.4 million square feet have been absorbed by new companies in the country", he informed.

There has been a growth in new investment, compared to the last two years: the number of new companies represents 8% of the total investment.

In addition to the competitive advantages of the country, there is the facility provided by the connection with other nations and the industry diversity, which opens the possibility to expand or develop new industrial investments.

As a result, companies from various countries have made Mexico the destination for their investments. The United States leads the investment in the country, with 41.3%, followed by Mexico, with 19%, and China, with 5.3%. 

Other countries that have also stood out as major investors are Korea, Brazil and Germany. AGP, a Brazilian company, for example, is positioned as the main transaction in 2021. Likewise, other companies such as Quantas Computer, from Taiwan; Boe Hefei and BTL, from China; and Terex, from the United States.

According to information provided by Market Analysis, the new companies in the country's industrial market belong to the automotive, electric-electronic and construction sectors, and have invested in Monterrey, Tijuana and Saltillo.

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