LatinNews Daily - 07 July 2023

In brief: Mexico hails private sector investment

* Mexico’s economy ministry (SE) has announced that the private sector has made 174 public investments in Mexico in the first half of 2023, with an estimated value of just over US$64bn. According to the SE, 86% of these investments are concentrated in just ten industries: automobile manufacturing, transport of natural gas, extraction of oil and gas, manufacturing of car parts, e-commerce, basic steel and iron, drinks, computer manufacturing, fertilisers, and retail. The SE said that this reaffirms that, “Mexico is at an ideal moment to receive investments, thanks to the economic policy of the Mexican government, which promotes relocation, as well as the young and specialised talent required by each sector”. The SE added that these figures were in addition to official foreign direct investment (FDI) figures, which totalled US$18.63bn in the first quarter of 2023.

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