Microsoft Chief Executive Satya Nadella said the technology giant will invest $1.1 billion in Mexico over the next five years, according to a promotional video released by the Mexican government on Thursday.
Nadella said the investment is “focused on expanding access to digital technology for people and organizations across the country.”
Microsoft will build a new data center to deliver “client services to help every organization to really get an advantage and drive digital transformation,” added Nadella, who met with Mexican President Andres Manuel Lopez Obrador last year.
The U.S. company will also invest in training labs and skills programs, Nadella said.
Lopez Obrador, speaking during his daily morning conference, said the investment showed Mexico was an attractive investment destination, touting a strong local currency, stable inflation, and prudent debt management by the government.
The leftist president has faced criticism his government’s policies have turned off local and foreign investors, which contributed to the economy last year contracting 0.1 percent in Mexico’s first annual decline in a decade.
more recommended stories
Yucatan COVID-19 update (April 3rd, 2020)
Since the contingency began and until.
State Government delivers ten new patrol cars in Mérida
MÉRIDA, YUCATAN (April 3, 2020).- The.
2020 Atlantic Hurricane Season expected to be more active than normal
The 2020 Atlantic hurricane season is predicted to be more active than.
1 in 4 people who get the coronavirus may show no symptoms but still be contagious
The novel coronavirus has infected more than 1.
Bad guys don’t quarantine
Mexico experienced its most violent month.
Covid-19 is only a transitory economic and public health crisis – AMLO
“Mexico will soon come out of.
Are face masks really helping in the fight against COVID-19?
Washington (AFP) – After months of.
Spain: 950 coronavirus deaths in 24 hours
More than 10,000 people in Spain.
Confirmed coronavirus cases reach one million worldwide
The number of confirmed coronavirus cases.
Three Mexican Governors have been diagnosed with COVID-19
In recent days, several politicians and.