The Secretariat of Economic Development of the Mexico City (SEDECO) reported that the country’s capital has consolidated its position as the main destination of Foreign Direct Investment (FDI) in Mexico during the first quarter of 2024.
According to data from the Ministry of Economy of the Federal Government, Mexico City attracted 59 percent of the total of 20,313 million dollars (million dollars) of FDI received by the country, thus reaching the figure of 12,043 million dollars.
This increase of 9 percent compared to the same period of the previous year highlights the attractiveness of Mexico City for foreign investors, the agency highlighted.
In fact, the increase of 38.6 percent compared to the first quarter of 2023, equivalent to 3,354 million dollars, highlights the sustained growth and investor confidence in the economic environment and the business opportunities offered by the capital.
Fadlala Akabani, head of SEDECO, pointed out that this positive trend is attributed to the logistical, service, security and human talent advantages that Mexico City offers, which makes it an attractive destination for the relocation of companies, especially to through the Nearshoring.
As for the countries that have invested the most in the City, the United States tops the list, followed by Canada and Spain, with Germany and Japan in the following places.
In terms of sectors, Financial Services, manufacturing and mass media are the most prominent.
SEDECO reported that the accumulated figure of FDI during the current administration reaches 55,638 million dollars, which represents 33 percent of the national total, further consolidating the position of Mexico City as a center of attraction for foreign investment and a key driver for the country’s economic development.
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