Tijuana reaches record figures for industrial investment

With more than 30 investments and record figures in the absorption of spaces for new operations, this is how the Economic and Industrial Development of Tijuana (Deitac), an investment promotion agency that estimates to close with more than 2,000 million dollars, will conclude the year.

Carlos Jaramillo Silva, president of the organization, presented a recount of the actions and achievements that were obtained during the 2022 financial year, in which he highlighted the 22 investments that were managed to attract and that resulted in a sustained growth of the industrial sector of the city.

“Tijuana has had a year of a lot of industrial activity. We closed 22 operations plus the nine last year, with which, as a promotion body, we participated in attracting more than 30 investments”, he stated.

Said operations, said the industrial leader, fall within the main industrial sectors with the highest value, such as medical devices, aerospace and electronics .

"This year we are reporting more than 2,000 million dollars for Baja California, and significant growth in the industrial sector, where last year we had an absorption of 7.7 million square feet, and this year we hope to exceed 4 million square feet" , he highlighted.

It should be noted that of the total investments received in the city, 85% correspond to expansions of already established companies, which means that corporations trust this border to maintain their operations.

Carlos Jaramillo affirmed that the interest in Tijuana as an investment hub is still valid, hence by 2023 there is already a portfolio with more than 100 projects.

“There are several milestones that I am proud of. There has never been a management with more investment closings, a record number for the city, in addition to the fact that we had the two years with the greatest absorption of square feet, ”he commented.

Likewise, the leader mentioned, the promotion blocs ProBaja and the Northern Coalition with Chihuahua were consolidated, in addition to the creation of new promotion organizations in Sonora and Chihuahua.

Meanwhile, he said that as an organization it participated in 6 industrial exhibitions and national and international shows; in three commercial missions; 15 industry networking events; 110 investment seminars; 60 tours for investors; 3,835 contacts profiled and more than 200 qualified prospects.

"I conclude on December 31 with my management and we give entry to the new board of directors that will be headed by Arch. Cristina Hermosillo," she said.

Currently, Deitac has 112 associates, where 83% of the budget is from the private initiative.