Mexico in Brief

Mexico in Brief, our monthly newsletter, is available in this section. Our Mexico in Brief summarizes the most relevant business news in Mexico, and also lists the main Mexican economic indicators. Our file is organized by issue number and issue date. Please consult it at your convenience and send us any comments through the link appearing below, or emailing us at mexico.in.brief@jata.mx.

From Mexico in Brief Newsletter

  • BOOM IN REAL ESTATE INVESTMENTS.

    The Mexican real estate sector is expected to receive an investment of approximately U.S.$14.5 billion this year. This investment is projected to fuel the development of around 166 projects nationwide, including mixed-use, residential, and tourism-related properties. The growth is being driven by nearshoring and tourism and is expected to create approximately 250,000 jobs within the country.

  • THE FUTURE OF REAL ESTATE IN MEXICO.

    Vinte, a Mexican company with 21 years of experience in the country's housing market, plans to make a Public Takeover Offer (OPA) to acquire 100 percent of the shares of the housing developer Javer, which has been in operation for 51 years, at a total price of approximately U.S.$255 million. If the bid is successful, it could create a significant opportunity to increase the supply of sustainable housing in Mexico in the coming years.

  • KOREA BETS ON MEXICAN INVESTMENT.

    The Korean company LS Cable & System Mexico, the third-largest producer of cables in the world, will invest approximately U.S.$100 million as part of the expansion of its global operations in the Mexican state of Querétaro. This investment is expected to create at least 500 jobs over the initial three-year period. LS Cable & System produces cables, energy and telecommunication systems, integrated modules, and other industrial materials.

  • THE FUTURE FOR STEEL IN MEXICO.

    Brazil-based Gerdau, one of the main suppliers of steel in America, has announced the start of studies for the construction of a special steel mill with a capacity of approximately 600,000 tons per year in Mexico. These plans could require investments of approximately between U.S.$500 and U.S.$600 million. The company estimates that it will complete the studies for a possible decision on the construction of the new steel mill by the end of 2024, with construction estimated to begin in 2025.

  • MEXICO KEEPS BREAKING INVESTMENT RECORDS.

    In the first quarter of 2024, Mexico recorded Foreign Direct Investment (FDI) of approximately U.S.$20.3 billion, marking a 9% increase compared to the previous year. The Ministry of Economy attributes this growth to foreign investors’ confidence in Mexico’s favorable business environment and economic stability. Out of the total FDI, approximately U.S.$19.6 billion came from reinvested company profits, while approximately U.S.$600 million reflected new investments.

  • MEXICO: THE CENTER OF NESTLÉ’S GROWTH STRATEGY.

    Swiss food company Nestlé has announced an investment of approximately U.S.$225 million to expand its factory in the Mexican state of Guanajuato. The expansion is intended to produce pet food, which is the second largest activity of the group, behind liquid and powdered beverages. With this investment, the factory will become the largest in Latin America for the production of pet food. It is expected that this expansion will create at least 94 new jobs at this site.

  • IN 2024, GERMANY RANKED SECOND COUNTRY WITH INVESTMENT IN MEXICO.

    German companies are planning to invest over U.S.$5 billion in different projects in Mexico, primarily focusing on the northern region of the country. These investments include BOSCH's approximately U.S.$500 million investment in a refrigerator manufacturing plant, Volkswagen's approximately U.S.$1 billion investment in the production of electric cars, DHL's establishment of a logistics campus in the State of Mexico at the beginning of this year, and Continental's creation of a new plant for the production of hydraulic hoses. 

  • FRANCE’S STRATEGIC INVESTMENT IN MEXICO.

    Around 30 French companies are set to invest approximately U.S.$1.5 billion in 2024. This investment will be accompanied by efforts to attract Mexican talent to fill over 1,100 job openings in sectors including automotive, aeronautics, health, services, and energy.

  • COAHUILA CONTINUES INSPIRING GROWTH AND OPPORTUNITY.

    The Government of Coahuila has obtained commitments for automotive investments of approximately U.S.$845 million from at least six companies, estimated to generate at least 3,000 jobs and consolidate the region as a top option for the automotive industry.