Investments, Tariffs, Smart City Growth: The Weekly Roundup

This week in infrastructure, US lawmakers press President Donald Trump to intervene in Vulcan Materials’ dispute with Mexico, raising concerns over national security and Chinese involvement in the Mayan Train project. Meanwhile, South Korea and Mexico strengthen ties in smart city development, setting the stage for future technological collaboration. 

In Queretaro, Austrian firm ENGEL will invest US$54 million in a new plant, boosting local manufacturing. Finally, the North American construction sector faces trade tariffs and labor challenges, with contrasting trends across the United States., Canada, and Mexico.

Your weekly dose of Infrastructure is here!

US Lawmakers Urge Trump to Address Vulcan Materials’ Dispute

A group of 35 Republican lawmakers urged US President Donald Trump to address the dispute between Vulcan Materials and the Mexican government, citing concerns over expropriation and national security. They also raised alarms over alleged Chinese involvement in the Mayan Train project. Mexican President Claudia Sheinbaum refuted expropriation claims, emphasizing environmental violations by Vulcan and asserting that the train was publicly funded.

South Korea, Mexico Forge Collaboration on Smart Cities

South Korea and Mexico are strengthening cooperation on smart cities and digital government. At the “Roadshow for Smart Cities and Digital Government” on March 11, 2025, KOTRA highlighted South Korea’s leadership in AI, IoT, and digital infrastructure. Mexico, a key smart city market in Latin America, is advancing digital transformation with new initiatives. A major step is the upcoming Korea City Center for Latin America, fostering long-term collaboration in technology and communications.

ENGEL Expands in Queretaro with US$54 Million Investment

Austrian injection molding leader ENGEL is investing MX$1.1 billion (US$54.26 million) in a new Queretaro plant, creating 515 jobs. The expansion strengthens its regional presence, leveraging Queretaro’s skilled workforce and infrastructure.

North American Construction Industry Faces Tariffs, Labor Strains

The North American construction industry faces trade tariffs, high borrowing costs, and labor shortages, with the United States benefiting from reshoring-driven infrastructure investment. Canada’s construction sector faces economic vulnerabilities and trade risks, while Mexico’s residential market thrives on remittances, but non-residential construction is set to decline due to fiscal cuts and reshoring policies.

FIBRA Monterrey Forecasts 10% Return for 2025

FIBRA Monterrey (FMTY) forecasts a 10% return in 2025, driven by strong industrial demand despite US tariff risks. The company reported solid 2024 results, repurchased CBFIs, and expanded its portfolio. With MX$6.2 billion in cash and a low debt ratio, FMTY plans to invest up to US$600 million in industrial properties while maintaining financial stability.