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

  • THE CONTINUED CHINESE BET IN MEXICO.

    Eaglerise's Net Electric, a Chinese company that specializes in developing new electrical technologies, has recently announced that it will invest approximately U.S.$186 million to set up a plant in the Mexican state of Coahuila. The factory will be used to manufacture solar electric transformers and is expected to create employment opportunities for about 700 people in the region.

  • THE CAMINO REAL INVESTMENT PLAN.

    The Mexican hotel chain, Camino Real Hoteles, has announced plans to invest approximately U.S.$176 million in remodeling, development, and construction across several cities in the country. This includes Mexico City, Acapulco, Monterrey, Guadalajara, Tijuana, and Saltillo. The investment aims to revitalize existing facilities and promote new projects to be added to those already initiated in 2023. Additionally, Camino Real plans to invest in technology to enhance its operations and improve the overall customer experience.

  • MEXICO AND THE FOREIGN TOURISM INVESTMENT.

    With approximately 105 projects, according to the United Nations Tourism Organization, Mexico has ranked sixth in the world for the number of projects attracted. The United States and Canada are the main countries investing in Mexico’s tourism sector. Globally, approximately 66% of investments in tourism are allocated to hotels, 16% to technology and innovation, and 9% to entertainment. This has led to Mexico creating 31,000 jobs from 2018 to 2022.

  • FOREIGN INVESTMENT IN MEXICO ON THE RISE.

    The Mexican Ministry of Economy has announced that in the first two and a half months of 2024, private companies have made a total of 73 investment announcements in Mexico. These investments are expected to exceed U.S.$30 billion and create around 39,192 jobs. So far this year, the United States tops the list of investors, contributing around 57% of the total investment. Germany follows with 17%, Argentina with 14%, and China with 6%. 

  • THE NEXT GRAND ISLAND INVESTMENT.

    Grupo Murano, a real estate company that invests in hotels, resorts, and commercial properties in Mexico, has announced the opening of the Hyatt Vivid Grand Island hotel in the Mexican state of Quintana Roo. The project is the result of a partnership between Murano Global Investments, and Hyatt Hotels Corporation, with an investment of approximately U.S.$585 million. This opening marks the first phase of the Grand Island Cancún project, which was completed in April 2024. The second phase of the project, Dreams Grand Island Resort and Spa, is scheduled to open in late 2024.

  • AIRCRAFT INVESTMENT COMING TO CHIHUAHUA.

    Regal Rexnord, a leading U.S.-based company that specializes in industrial propulsion system solutions, electric motors, bearings, gears, conveyors, and transmission component products, will invest approximately U.S.$14 million in the Northern Mexican state of Chihuahua. This investment will enable the manufacturing of connection mechanisms for aircraft with advanced materials and specialized processes. This investment is expected to create around 190 new employment opportunities for the local workforce.

  • FURTHER THAN REAL ESTATE.

    FIBRA Prologis, a leading Mexican real estate investment trust formed to acquire, own, and manage Class-A industrial real estate in Mexico, will invest approximately U.S.$400 million this year to acquire industrial warehouses in Mexico.  Due to the phenomenon of nearshoring or relocation of the production chains of foreign companies in the country, the demand for this type of space has rapidly increased.

  • BUILT FROM ALL THE RIGHT MATERIALS.

    Home Depot, the American multinational home improvement retail corporation, has announced an investment plan of approximately U.S.$167 million to support its growth strategy in Mexico throughout 2024. The investment plan aims to fuel Home Depot's expansion strategy, which includes the opening of 12 new stores in the coming years, bringing the total store count to 150 across Mexico.

  • MEXICO, PRIORITY MARKET FOR NUBANK.

    Nubank, the largest fintech company in Latin America, announced an investment of approximately U.S.$100 million in its Mexican operations. This brings the total investments of the company in this country to approximately U.S.$1.4 billion, which confirms Nu México’s position as one of the most well-capitalized financial institutions in Mexico. This investment makes Mexico the second-largest investment destination for Nubank, after Brazil, where the company originates from.