Mexico's Private Sector Pledges US$42 Billion Sheinbaum

The private sector in Mexico has committed over US$42 billion in investments during the upcoming administration of President-elect Claudia Sheinbaum. Investors include FEMSA, Grupo Coppel, and Ternium.

“These powerful investments are a sign of confidence in you, to keep Mexico on the path of trust and opportunities,” said Francisco Cervantes Díaz, president of the Consejo Coordinador Empresarial (CCE), emphasizing that the investments symbolize a seal of trust in Sheinbaum’s leadership. 

Major companies such as FEMSA, TransCanada, Mexico Pacific, and Ternium are leading these investments. Specifically, FEMSA is investing over US$9 billion. Energy firms TransCanada and Mexico Pacific are committing US$4.5 billion and US$15 billion, respectively. Ternium, a leader in the steel industry, is contributing more than US$1.5 billion, while Iberdrola is adding US$5 billion. Additional investments are expected from Grupo México and Grupo Coppel.

Sheinbaum also presented her plans for digital transformation to streamline government processes and improve efficiency. “Our goal is ambitious: a 50% reduction in administrative procedures, time, and requirements, and 80% of processes digitalized through single windows,” she said. This initiative aims to facilitate investment and improve government-citizen interactions.

Additionally, Sheinbaum announced the creation of a national council for regional development and business relocation, headed by business leader Altagracia Gómez, Head of Grupo Empresarial de Occidente. This council will work with the Ministry of Economy to attract more investment, focusing on inclusion, innovation, legal certainty, and sustainability.

Highlighting the collaborative approach of her administration, Sheinbaum emphasized the need for joint planning with the private sector. “We want the CCE, through Francisco [Cervantes], and the Secretary of Economy to work together on a planning scheme compatible with free trade and industrial development,” she said.

Sheinbaum presented her macroeconomic goals, including maintaining a responsible budget and keeping the deficit at a maximum of 3.5% of GDP by 2025. This fiscal strategy aims to enable strategic project planning from 2026 onwards while maintaining a reasonable debt-to-GDP ratio.