Foreign investment show annual increase in Quintana Roo

CHETUMAL, Q. Roo.- Foreign Direct Investment (FDI) in Quintana Roo increased 63% during 2017, reaching 442 million dollars (balance sheet) against 270.1 million registered in 2016, according to the report of the Secretariat of Economy (SE).

According to the statistics, Quintana Roo begins to recover from the collapse registered back in 2013, the last year of important economic growth when it reached 999.3 million dollars of FDI.

Rosa Elena Lozano Vásquez, head of the Ministry of Economic Development, said that the investment promotion for Quintana Roo has not stopped and, in addition, a series of actions at local level were implemented on issues such as regulatory improvement and streamlining of opening procedures.

Lozano Vásquez ruled out that the situation registered in the north of the state, in relation to public safety and the ferry explosion, have some kind of impact on the investor’s confidence.

The five main investing countries were the United States with a total of 109.8 million dollars; followed by Spain with 71.2 million; The Netherlands, with 44 million; Canada, with 19.9 million; and France, with 12.7 million dollars.

Real estate services, rental of personal and intangible assets; along with the temporary accommodation services and food and drink preparation services continue to be the two main sectors with the greatest uptake of foreign capital.

Real estate services, rental of personal and intangible assets concentrated 167.3 million dollars.

Temporary accommodation services and food and drink preparation services concenrated 153.6 million; which corresponds to a 72.6% of the total Foreign Direct Investment registered last year in Quintana Roo.

Source: SIPSE