Three investment projects to arrive in Reynosa

Good news continue to highlight Tamaulipas industrial market, and it is in Reynosa where good projects are confirmed which bring economic growth, commercial opportunities, jobs generation, competitiveness and productivity.

To the sixth month of 2019, it can be appreciated in retrospective that the beginning of the year was positive regarding industrial market absorption.  Ralph Garcia, vice-president of McAllen Economic Development Corporation, said about the first project that consisted in 55 thousand square for Reynosa with a new speculative building built by ROCA, same in which the work is finished and are about to open the industrial building for any interested user.

However, regarding expansion projects, Garcia underlined that three projects are about to be built in Reynosa; one of them will be located at the west area of the city and two will be located east.

One of them represents 140 square feet, a second one will be of 300 thousand square feet and the third one 150 thousand square feet.

“When this kind of projects exist, they are fixed projects for a company that will be settled in the area; they are expansion, but this provides a good indicator of how commerce is developing in the city,” said Ralph Garcia.

He added that many brokers coming from other cities, when seeing this kind of movements or projects in the area generates promotion interest, this is a good opportunity to see how to promote the growth of the city and which are the services industrial parks offer which improve every day.

Ralph Garcia said regarding prospection activity and the work together with Tamaulipas Government, had a good answer when receiving Taiwanese companies directives, as well as from Europe.

“Although, activity has currently lower a little, and I think is due to what is happening at the border between Mexico and the United States, which causes uncertainty among investors,” said Garcia.