FIBRAs Replace CIBanco as Trustee

Mexican Real Estate Investment Trusts (FIBRAs) seek to replace CIBanco as their trustee. The decisions follow the US authorities targeting Mexican financial institutions as suspects of involvement in money laundering. In other news, while Mexico continues to be an attractive investment destination for companies seeking to sell in the United States, energy continues to be a crucial factor to further secure investment and expansion, experts note. 

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FIBRAs Replace CIBanco as Trustee After US Allegations

FIBRAs are moving or seeking to replace CIBanco as their trustee following the temporary intervention of the financial institution by the National Banking and Securities Commission (CNBV). The regulatory action came after US authorities flagged three banks for alleged involvement in money laundering operations, including CIBanco.

Siemens, Microsoft Ally to Streamline IoT Data in Buildings

Siemens Smart Infrastructure and Microsoft launch a strategic collaboration to optimize the accessibility and processing of Internet of Things (IoT) data within building environments. This alliance will enable interoperability between Siemens' Building X platform and Microsoft Azure IoT Operations, projected to reduce integration efforts significantly while impacting operational efficiency and sustainability.

State of Mexico to Get MX$11.8 Billion for Infrastructure

The federal government will invest MX$11.8 billion (US$633.2 million) between 2025 and 2027 to fund the Comprehensive Development Plan for the Eastern State of Mexico. The plan targets public transport, mobility, and the creation of safe pedestrian paths.

Mexico Announces MX$134 Billion Investment in Airport Overhaul

The federal government and the private sector will invest MX$134 billion (US$7.1 billion) to modernize and expand 62 airports across the country between 2025 and 2030, reports the Ministry of Infrastructure, Communications, and Transportation (SICT). The government expects this investment to result in over 32 million more travelers by the end of President Claudia Sheinbaum’s term.

Nearshoring Is Still Possible: Energy Supply, DG are Key

The materialization of nearshoring in Mexico has become a subject of debate, particularly as US policy aims to attract supply chains back to its own territory. Despite this, Mexico still presents significant investment opportunities, and various companies have maintained their investment strategies in the country. However, energy remains a crucial factor for securing the arrival and expansion of companies in Mexico.