Home Business-newBusiness Yucatán leads Peninsula in foreign investment growth

Yucatán leads Peninsula in foreign investment growth

by Yucatan Times
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Out of the three states of the Peninsula, Yucatan showed a significant growth in Foreign Direct Investment (FDI) during the first quarter of the year. The state obbtained 21.5%; Quintana Roo, 18.5 %, and Campeche stayed the lowest with 9.2%.

Figures from the National Institute of Statistics and Geography (INEGI) revealed that during January, February and March, Yucatan received FDI amounting to $53.5 million USD, compared to the $44 million USD from 2016. This indicates an increase of $9.5 million USD. Nonetheless, Yucatán’s best year for FDI was 2015, when the investment equalled to $71 million USD during the same time period.

Additionally, this year’s most attractive investment areas were those of transport, logistics and storage, which reported a spill of $21.3 million USD. Comparing with last year’s numbers, there was an increase of 580 percent, since during the same period in 2016, the comparable figure was $3.1 million USD.

Likewise, more sectors such as financial and insurance services; real estate and renting services for movable and intangible goods; professional, scientific and technical services; temporary housing, and food and beverage preparation services totalled $19.1 million USD.

Lastly, these sectors, as a whole, reported an increase in the economic spurt of 6.1 percent.

Photo: Google


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