Category: Investment

Grupo México to invest US$250 million in Nuevo León

NUEVO LEON – Grupo México Infraestructura announced an investment of US$250 million to build the Fenicias wind farm in Nuevo León; this project will be developed by Invenergy, the largest independent renewable energy company in North...

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Nuevo León will receive an investment of US$230 million

MONTERREY – Grupo México will invest US$230 million for the construction of fuel storage infrastructure in Nuevo León and Jalisco, in order to increase the country’s energy security This investment will be used for the project’s first...

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KEPCO invests US$315 million in Sonora

SONORA – The Korea Electric Power Corporation (KEPCO) has opened a new 294 megawatt (MW) solar park in Sonora The company reported that the cost of the project was of US$315 million that will generate electricity for Canadian Solar for the next...

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Tamaulipas amounts to US$1.2 billion in FDI

TAMAULIPAS – At the end of the third quarter of 2019, the flow of Foreign Direct Investment (FDI) in Tamaulipas amounted to US$12 billion, 48% of the national total, according to the Ministry of Economy (SE) Tamaulipas ranks sixth among the...

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CIA invests US$2.6 million in Ciudad Juárez

CIUDAD JUAREZ – The Artificial Intelligence Center (CIA) on the Exodódromo and Galgódromo de Ciudad Juárez is currently 90% finished, according to the Undersecretariat of Communications and Public Works “The structural work is the first...

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Prestige Development Group will invest US$50 million in El Paso

EL PASO – Another large commercial development is planned for the Cielo Vista Mall area in El Paso, Texas Prestige Development Group plans to develop a 20-acre, with stores, restaurants, offices, apartments and two hotels “The Gateway, a...

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IMSS will invest US$436 million in Coahuila

SALTILLO – The Mexican Social Security Institute (IMSS) will invest in 2020 more than US$436 million for infrastructure, the largest budget recorded in the history of this organization This investment will go to clinics, hospitals, ambulatory...

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Apple will invest US$2.5 billion in California

CUPERTINO – Apple will dedicate US$25 billion to combat the housing crisis in California The commitment includes a US$1 billion to build new homes for low to moderate income families, another US$1 billion for mortgage assistance, and US$300...

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Coahuila will stop receiving US$20 million for Fondo Minero

COAHUILA – At least 15 municipalities in Coahuila will stop receiving around US$20 million, since the Mining Fund will be eliminated from 2020 onwards, Senator Verónica Martínez said The senator of Coahuila reported that this occurred despite...

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Shimtech Composites invests US$20 million in Sonora

HERMOSILLO – Shimtech Composites opened its new plant in Sonora, which will be responsible for assembling air craft parts for companies like Boeing and Bombardier The company presented this project that is already in operation with an...

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