*Mexico’s economy ministry (SE) has revealed that foreign companies made a total of 93 new investment announcements between 1 January and 15 April 2024, with expected investment of US$36.15bn. In a statement, the SE said that “this amount is expected to enter the country in the next two to three years”. The US was the main country of origin of the investments, with US$19.48bn (54% of the total) coming from there, followed by Germany (15%), and Argentina (12%). According to the SE, the investments will generate 47,702 new jobs, directly. According to the SE, investments primarily target the manufacturing sector which accounts for 54% of the total while transport, mass media and trade each account for 14% of new investments. The main Mexican states to benefit are Querétaro (16% of the total), Estado de México (13%), Nuevo León (10%), and Sinaloa (5%), where Spanish energy company Tango Solar announced an investment worth US$1.17bn last month. In addition to this, other notable investments between 15 March and 15 April highlighted by the SE came from US energy company Sempra Infrastructure (US$550m) and German tyre manufacturer Sailun Group (US$427m).
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