Mexico in Brief
From Mexico in Brief Newsletter
CHINESE COMPANY TO BUILD INDUSTRIAL PARK IN MEXICO.
Gezhouba Group International Engineering, China-based construction and engineering company, has announced that it will invest approximately U.S.$104 million in the construction of an industrial park in the Mexican state of Zacatecas, where companies related to the aerospace industry, auto parts, metal, mechanics, plastics and logistics, will be installed.
WYNDHAM WILL CONTINUE WITH ITS EXPANSION IN MEXICO.
U.S.-based international hotel and resort chain Wyndham Hotels & Resorts, will invest approximately U.S.$300 million for the development of 15 units in the following three years in Mexico, confirming the region’s importance for the company.
IFC TO FUND AND INVEST IN THE ENERGY SECTOR OF MEXICO.
U.S.-based International Finance Corporation has announced that it will invest approximately U.S.$800 million in the financing of photovoltaic energy projects, 5G network and other projects in Mexico.
DIVERSENERGY WILL OPEN LIQUEFIED GAS PLANT IN MEXICO.
U.S.-based liquefied natural gas company, Diversenergy, will invest approximately U.S.$20 million in the development of a liquefied natural gas plant in the Mexican state of Nuevo Leon, which will start to be built in the third quarter of 2019. The plant is scheduled to start operations in the last quarter of 2020.
SIGNIFICANT INVESTMENT CONFIRMED FOR THE MEXICAN STATE OF TAMAULIPAS.
The president of the Mexican Energy Cluster reported investments of approximately U.S.$1 billion for oil fields in the Mexican northern state of Tamaulipas, including the Campo Ebano oil field, where the Mexico-based energy company DS Servicios Petroleros will invest approximately U.S.$952 million in well drilling, and the Pandura oil field, where state-owned Pemex will invest approximately U.S.$60 million.
REPSOL TO BEGIN OPERATIONS OF AWARDED CONTRACTS.
Spain-based energy company, Repsol, will invest approximately U.S.$330 million to carry out the exploration activities of three contracts it was awarded as part of “Round 2.4” by the Mexican authorities. The contracts were awarded on January 30, 2018.
MEXICO GROWS AS HUB FOR MEDICAL TOURISM.
With a figure of around 1.2 million medical tourists visiting Mexico to undergo health treatments, Mexico now ranks as the second most important country for medical tourism in the world. As a consequence, the medical tourism industry in the country already represents an economic impact of approximately U.S.$23 billion, a figure similar to the entrance of funds from tourism last year.
SHELL ANNOUNCES MAJOR INVESTMENT IN MEXICO.
After the approval of the National Hydrocarbons Commission (CNH), Mexico’s oil regulator, British-Dutch oil and gas company Shell announced that it will invest up to approximately U.S.$2.4 billion in nine deep-water areas over the next four years, and will drill at least 13 wells in these projects in Mexico.