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

  • PEMEX PLANS TO EXPAND PRIVATE COLLABORATION.

    PEMEX, the Mexican oil company, aims to boost its hydrocarbon reserves and production under President Sheinbaum's administration by attracting private investment, particularly in deepwater exploration. The company plans to develop new business models and partnerships to share risks, exchange technology, and maintain production levels. Alongside its focus on traditional oil projects, PEMEX is also exploring renewable energy, though experts caution about the risks. A new fiscal regime is being developed in collaboration with the Mexican Ministry of Finance to support the company’s financial health and encourage private sector involvement in energy security projects

  • KAWASAKI BEGINS OPERATIONS AT NEW MEXICAN PLANT.

    A new Kawasaki plant, the company’s second largest outside Japan, began operations this at the beginning of November in the Mexican State of Nuevo León with an investment of approximately $200 million. This facility is the only one globally that manufactures the company’s Jet Skis. The plant has already hired around 1,000 employees and plans to reach over 2,500 by 2025. This project significantly impacts the region's economy as the State continues to attract nearshoring investments and create jobs.

  • INDUSTRIAL HUB COMING TO TIJUANA.

    A new industrial park named Natura is being developed in Tijuana through a collaboration between Mexican real estate investment groups Grupo Musa and Grupo Ruba. This project, with an estimated investment of approximately U.S.$920 million, is expected to create around 27,000 direct jobs. Situated in the southeastern part of the State, the park aims to stimulate economic development and enhance the quality of life by integrating industrial spaces with residential, educational, and commercial areas. This well-planned environment is designed to reduce the distances between homes, workplaces, and essential services.

     

  • PROXIMITYPARKS BREAKS GROUND IN NUEVO LEÓN.

    ProximityParks, a Mexican investment firm and developer, has commenced construction on its new logistics park in the Mexican State of Nuevo León. The project, which represents an investment of approximately U.S.$25 million, will feature 19,000 square meters of warehouse and office spaces. Scheduled to open in September 2025, this state-of-the-art, sustainable logistics hub will focus on last-mile delivery needs. The development is expected to boost the local economy, create jobs, and enhance the region's logistics infrastructure. ProximityParks plans to invest significantly in similar projects throughout Mexico in the near future.

     

  • DRIVE GROWTH IN THE AUTOMOTIVE SECTOR.

    The "Automotive Investment Report 3Q 2024" highlights the significant investments in Mexico's automotive industry driven by electromobility and nearshoring, totaling approximately U.S.$8.73 billion as of the third quarter of 2024—an increase from the previous year. The Mexican States of Nuevo León and Coahuila are key destinations for these investments: Nuevo León is concentrating on innovation in electromobility, while Coahuila excels in auto parts manufacturing and job creation. Notable projects include Volvo in Nuevo León and Mubea in Coahuila, reflecting the growing interest in these sectors. Additionally, investments are projected to reach around U.S.$4 billion during the fourth quarter of 2024.

  • ROCHE EXPANDS RESEARCH AND DEVELOPMENT INVESTMENT IN MEXICO.

    Swiss pharmaceutical company Roche has announced plans to invest approximately U.S.$126 million in research and development in Mexico over the next five years, reinforcing its presence in one of the company's most important global markets. Mexico is crucial for Roche as it conducts clinical trials for diseases such as diabetes, cancer, and neurodegenerative disorders, benefiting from a diverse population, skilled researchers, and strong infrastructure. With 68 clinical studies conducted across 22 states, Mexico has emerged as a leader in research, particularly in areas like obesity. Furthermore, clinical research in the country has generated significant human capital, establishing Mexico as a hub for scientific innovation.

  • TOYOTA BOOSTS PRODUCTION AND JOBS IN MEXICO.

    The Japanese automotive company Toyota announced an investment of approximately U.S.$1.45 billion in Mexico to boost its operations at its plants in the Mexican States of Baja California and Guanajuato, where the new generation of the Tacoma pickup truck and its hybrid version will be manufactured. It is expected that this investment will also create around 1,600 new jobs. 

  • AMAZON STRENGTHENS ITS INVESTMENT IN MEXICO.

    Since 2014, Amazon has invested approximately U.S.$5.5 billion in Mexico. This investment has had a significant impact on the economy, creating thousands of direct and indirect jobs, and increasing the growth of e-commerce, especially for small and medium-sized enterprises, more than 27,000 of which use its platform. Amazon has strengthened its presence in the country through a robust logistics network with fulfillment centers and delivery stations and has also invested approximately U.S.$4.25 billion in technology through its AWS division, which has driven cloud development in Mexico.