Published On: Fri, Feb 20th, 2015

Mexican President Announced Global Investments

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In a volatile global market, an investment of $11.17 billion by members of the Executive Board of Global Companies organization signaled confidence in Mexico, President Enrique Peña Nieto said during a meeting Wednesday with the directors of 39 multinational companies whose interests are represented in the country.

“This confirms a continued desire to invest in Mexico,” he said

The companies that form the organization have announced a plan to invest more than $11 billion to expand their existing presence in the country, as well as an investment of $13.5 billion for expenditures, the president said.

“Through the direct and indirect creation of jobs fostered by these investments, 56,000 jobs will be created in 2015,” he said.

Enrique Peña Nieto praised multinational businesses for investments. (PHOTO: PRESIDENT’S OFFICE)

Enrique Peña Nieto praised multinational businesses for investments. (PHOTO: PRESIDENT’S OFFICE)

In a private meeting with members of the board, the president introduced a detailed report of actions taken by his administration to improve the quality of life for Mexicans.

The structural reforms that have been passed have already improved the education, security, health and employment sectors, he said.

The members of the board are interested in ensuring that Mexico remains as an attractive destination for global investment, as this will help generate better paying jobs and more highly qualified employees, said Pedro Padierna, president of the board and head of Pepsico in Mexico.

The investments will lead to the direct creation of 9,000 jobs and 46,000 indirect jobs in the energy industry, aeronautics, pharmaceutical and in technology.



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