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FDI in tourism grows 68.4% in Mexico
Source:El Financiero From:Taiwan Trade Center Mexico Update Time:2019/11/14
FDI

The Secretary of Tourism, Miguel Torruco Marqués, noted that the FDI registered in the tourism sector in Mexico during the first six months of this year, shows the highest growth that has been had for a first semester in the last decade.

During his participation in the panel entitled "Tourism: more financing is good, more social responsibility" at the Business Summit, Torruco Marqués said that from January to June 2019, foreign investment in this industry grew +68.4% over the previous year.

He said that in recent years, Foreign Direct Investment in Mexico has not decreased and, as an example, recalled that the accumulated in this line from 1999 to the third quarter of this year reaches US $21 billion.

As well, he stressed that FDI for the period January-September 2019, is estimated at US $624 million, representing three percent of all Foreign Direct Investment in the country.

When talking about the national tourism strategy for the six years of the current administration, he said that the Federal Government seeks to consolidate the country as a tourism power with welfare and a fair and balanced development, under the following premises: promote a social and inclusive approach, which becomes an instrument of social reconciliation, promote a balanced regional development, diversify tourism markets and promote sustainable tourism.

 

Source:https://elfinanciero.com.mx/