*Mexico’s economy ministry (SE) has released a new report showing that in 2023 a total of 378 new private sector investment projects were announced worth a total of some US$110.74bn in foreign direct investment (FDI) to Mexico. It said that this represents 6.7% of GDP registered in 2022 and is expected to generate 234,725 direct jobs. According to the SE, most investments were announced by US firms (which accounted for US$42.14bn, or 38% of total investments), followed by China (US$13.19bn, 12%), Denmark (US$10.17bn, 9%), Australia (US$7.29bn, 7%), and South Korea (US$6.96bn, 6%). The sectors to attract the most investment were: manufacturing (which accounted for US$52.60bn), energy (US$23.61bn), transportation (US$17.33bn), construction (US$9.29bn), and trade (US$4.33bn).
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LatinNews Daily - 18 January 2024
In brief: Mexican gov’t hails new private sector investment
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