Home Business-newBusiness Walmart will invest 1.1 billion pesos in 2024-2025 in Quintana Roo

Walmart will invest 1.1 billion pesos in 2024-2025 in Quintana Roo

by Yucatan Times
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Walmart announced on Friday that it will invest 1.1 billion pesos to open 28 new stores in Quintana Roo. The retail chain currently operates 49 units of its different formats in the entity.

The expansion of its operations will generate more than 900 direct jobs, states the corporation. Walmart de México y Centroamérica (Walmex) announced on Friday, February 16, an investment plan of 1,175 million pesos for the state of Quintana Roo, between 2024 and 2025.

The company plans to open 28 new units of the Bodega Aurrera, Sam’s Club, Walmart Express, and Walmart Supercenter formats, in the state where it already operates 49 stores.

“We are excited to continue growing in the state of Quintana Roo, where we began operations 28 years ago, with the opening of Sam’s Club Cancún,” said Guilherme Loureiro, Executive President and General Director of Walmart of Mexico and Central America.

Quintana Roo authorities and Walmex executives during the investment announcement.

“With the investment plan that we have focused on our growth in the state, we will strengthen our closeness with clients and partners in Quintana Roo,” he added.

The new openings, the company said, will generate 930 direct jobs that will be added to the 4,000 it already offers in the state.

In 2023, Walmex reported growth in consolidated revenues of 8.2% annually –886.5 billion pesos– and a growth of 5.3% in its net profit, which was 51,589 million pesos.

The Mayan Train project – which once completed will connect the states of Campeche, Chiapas, Quintana Roo, Tabasco, and Yucatán – coincides with a new interest from large companies in strengthening their position in the region. In October of last year, Walmart announced the investment of 1.2 billion pesos in Yucatán. A month earlier, Heineken announced the construction of a new 8.7 billion pesos plant in that state. At the beginning of 2024, Mexican Gruma group announced an investment of 1.5 billion pesos also in Yucatán.

TYT Newsroom

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