Queretaro, fourth destination of aeronautic investment

Queretaro consolidated as the fourth destination for aeronautic investment worldwide and as the technological and innovation development center of this sector, said Francisco Dominguez, governor of the State.

The official said that thanks to the installed capability for the development of forefront technology, the high competences in human resources linked with the needs of the aerospace sector, Queretaro has become an attractive place for the arrival of these industry investments.

 NEW INVESTMENTS

He mentioned that Queretaro is managing the arrival of a new investment project of the Safran Company, what will be its eighth plant in the State.

Currently, the French company has six plants in Queretaro; and in February was confirmed a new investment to build its seventh plant in the entity.

“We have a very aggressive agenda in this sector; we just arrived to Germany, where we gathered with the most important aerospace companies in the world.  There are expansion plans of many of them.  We went to Paris, to the Safran corporate, which have another project they will settle on December or at the beginning of 2019, and there is Queretaro pointed, we compete with other parts of the world and Mexican States,” he said.

VALUE CHAIN

“Value chains with global impact are developed here.  This sector is integrated by 85 companies and organizations, including 12 research and design centers, and seven academic institutions,” he explained.

Moreover, Queretaro houses the National Center for Aeronautical Technologies (CENTA, by its Spanish initials) where the first airplane 100 % Mexican is being developed, and the Universidad Aeronautica en Queretaro (UNAQ,) unique in the country.

According to the governor, the Queretaro International Airport (AIQ, by its Spanish initials) is the one of highest sustainable growth in Mexico, for passengers, as well as in cargo.

“It is a sector that has brought more than 230 manufacturers worldwide in 15 years, mainly, American and European.  It is a high specialization niche that adds 8,500 direct jobs in Queretaro in the last 10 years; in addition, 50 % of Foreign Direct Investment of the sector has been captured,” he noted.

Finally, he announced that thanks to the engines processes and airplanes equipment, the production value in the manufacture sector from the Manufacture of Transportation Equipment increased 47.42 % since 2013 and that only in the period of January to May, this sector produced more than 28,433 million pesos.