Yucatán is positioned as an investment destination
In the midst of promoting its virtues, Yucatán is positioned as an investment destination, as deemed by its authorities.
They estimate that Yucatán could become the new frontier with the East Coast of the United States, thanks to the collaborative efforts between the local government and the private sector.
Viewing Yucatán as an investment destination opens up significant opportunities to enhance trade, making the southeast region more competitive.
Yucatán has become an ideal state for investment, ranking as the third entity in the utilization of nearshoring.
In this regard, Yucatán as an investment destination, boasts the highest attraction of foreign capital in Mexico, drawing in 8% of the total (second only to Nuevo León and Coahuila), emphasized Governor Mauricio Vila Dosal.
“Many people believe that nearshoring is something that will happen in the coming years or is something that only happens in the Bajío and on the border, mainly (…) the states that best capitalized on the new nearshoring investments in 2022 are Nuevo León, Coahuila, and then Yucatán. We are preparing to continue seizing this opportunity,” he stated during the first Business Summit of Leaders in Commerce, Services, and Tourism, organized by Concanaco Servytur and held in Mérida, Yucatán.
Vila Dosal added that Yucatán could become the new frontier with the East Coast of the United States, as the collaborative efforts between the local government and the private sector present significant opportunities to increase trade, making the southeast more competitive.
“Mexican products have a strong presence in the West and limited presence in the East Coast of the neighboring country.”
Yucatán is positioned as an investment destination
According to the governor, from 2019 to 2023, accumulated private investment amounts to 147.7 billion pesos, in addition to 18 billion pesos in real estate investment expected between this year and 2024.
The main sectors, under Yucatán’s vision as an investment destination, include textiles, aerospace, automotive, agro-industrial, tourism, real estate, services, and logistics, encompassing over 350 projects.
Furthermore, Mérida stands out as the most competitive city in the southeast and ranks among the top 10 in the country for 2022, according to the Mexican Institute for Competitiveness (Imco).
Among the strategic projects undertaken by the state, the renovation of the Mérida airport to increase capacity from 2 to 4.7 million passengers annually is highlighted, along with new routes.
Regarding the Tren Maya, Vila Dosal stated that this project will drive economic development through tourism.
In Section 3 (Calkiní-Izamal), there will be five stations and stops – Teya, Izamal, Umán, Maxcanú, and Tixkokob. In Section 4 (Izamal-Cancún), there will be two – Chichen Itzá and Valladolid.
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