Foreign investment in Yucatan explodes; grows 163% in 2019

Merida Yucatan; December 3, 2019 (ACOM) .- Foreign Direct Investment (FDI) in Yucatan during the first nine months of the year exceeded 117 million dollars according to data from the Ministry of Economy.

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During the period from January to September of this year, the state captured a much higher figure compared to last year that barely reached $ 71.8 million.

This amount of FDI represents an increase of 163 percent, and if it is considered that the last quarter of the year is still missing, the figure will increase so it is expected to close the year with a significant economic spill of foreign investments in the agreement with the dependency data.

Governor Mauricio Vila Dosal reported through his Twitter account that Yucatan was ranked among the six states with the highest investment in the country.

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He also said that one of the main objectives will continue to be the promotion of the state, nationally and internationally, so that more companies are installed and generate more high-paying jobs for Yucatecans.

Some of the factors that have influenced the growth of national and foreign investments in the state are the growing industrial supply and legal certainty in land tenure for these types of projects.

Resultado de imagen para Explota la inversión extranjera en Yucatán; crece 163% en 2019

The methodology for determining FDI is based on international standards, contained both in the Balance of Payments Manual of the International Monetary Fund (IMF) and in the Framework Definition of Foreign Direct Investment of the Organization for Economic Cooperation and Development (OECD) .

Source: reporteroshoy.mx

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