U.S. and Canada lead foreign investment in Yucatan

United States and Canada are the countries that have the greatest presence in terms of investments in Yucatan, due to the security provided to employers by the state, said Joaquín Gándara Ruiz Esperanza, national president of the Mexican Institute of Executives of Finance (IMEF).

He explained that the main investments are in the sectors of aeronautical, manufacturing, furniture, hotel chains, renewable energy and automotive parts suppliers..

‘Yucatan is a very important center for the southeastern region of Mexico, as there is a significant economic development. Investments in different sectors contribute to other conventions and this has been reflected in the areas of medicine and education, which should be used for greater growth,” said Ruiz Esperanza.

Increased U.S. and Canadian investment in Yucatan will lead to more exports through the Port of Progreso. (PHOTO: puertosyucatan.com)

Among the elements that have served to place Yucatan in the crosshairs of foreign business are security, as well as levels of education, science, technological development, infrastructure, reindustrialization and innovation.

Due to the growth of investments in Yucatecan territory, Beatriz Quijano Bentata, president of IMEF in Yucatan, said the state government currently also works to attract German investment.

According to analyzes by ProMéxico, foreign investments contribute to maintain a direct relationship with the countries, which benefits exports. Yucatan’s main exports include processed foods, marine products, construction material, gravel and hardware, which are the main products shipped to the United States, for example.

Source: sipse.com

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U.S. and Canada lead foreign investment in Yucatan

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