As of July 31, 2024, the Private Sector has made 166 public announcements with an investment expectation of more than US$48bn

By Ministry of Economy

Mexico City, August 12, 2024.- As part of the monitoring activities carried out by the Ministry of Economy, from January 1 to July 31, 2024, it is reported that the private sector made 166 public announcements with an investment expectation of 48 thousand 35 million dollars, which are added to the 110 thousand 744 million dollars reported during 2023.

According to the information from the announcements collected, in addition to the investment figure, the creation of 75,481 new jobs is observed, as well as various elements associated with the interest of the private sector:

Main countries of origin:

• United States (46%)

• Germany (14%)

• Argentina (9%)

Main economic sectors:

• Manufacturing (53%)

• Trade (14%)

• Transport (11%)

• Mass media (10%)

• Construction (7%)

Main federal entities:

• Queretaro (14%)

• State of Mexico (10%)

• New Leon (9%)

• Puebla (6%)

• Coahuila (4%)

The main public announcements made during the update period (July 1-31, 2024) are as follows:

• Mota-Engil and Duro Felguera, construction of a fertilizer plant (1.2 billion dollars)

• Mars Petcare, pet food (196 million)

• Harman, auto parts manufacturing (115 million dollars)

Source: Public announcements from January 1 to July 31, 2024.

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