More Investment Needed to Boost Tourism

Leaked documents revealed that the Ministry of Defense (SEDENA)  asked the Ministry of Finance (SHCP)  for resources to develop its tourism-focused holding company. The Ministry of Tourism (SECTUR) reported that the federal government’s infrastructure projects have benefited the economic activity of southern Mexican states. In addition, the Mexican Institute of Social Security (IMSS) seeks to meet health needs with a rehabilitation plan for hospital infrastructure.

Ready for more? Here is your weekly roundup!

SEDENA Asks for More Resources to Develop Airports

A leaked document revealed that companies managed by SEDENA asked the SHCP to consider additional resources in the 2023 Federal Budget to carry out administrative and operational activities, as well as to supply materials.  

114 Infrastructure Projects Boost Tourism in Mexico’s Southeast

SECTUR reported that the federal government’s efforts to develop infrastructure projects have directly benefited the country’s tourism industry, a key economic activity in Mexico’s southeast. 

IMSS to Invest US$335 Million in Medical Units in Chiapas

After severe health affectations and a lack of infrastructure investment due to the COVID-19 pandemic, Zoé Robledo, General Director, IMSS, promised a US$335 million investment to restore and build Rural Medical Units (UMR) and 80 hospitals in Chiapas. 

Category 1 Safety Rating’s Recovery Could Take Longer

In May 2021, the the US Federal Aviation Administration (FAA) downgraded Mexico’s safety rating to Category 2. Initially, the Mexican aerospace industry expected the FAA to restore Mexico’s Airport Category 1 status soon. However, after over a year and a half, the industry no longer expects this to happen in the short term. 

Water Crisis Looms Over Mexico Valley

José Luegue, former Director, National Water Commission (CONAGUA), warned about a possible water crisis in the Mexico Valley, arguing that this crisis might have consequences the area has never seen before. 

Tim Hortons Bets Heavily on Queretaro

Food company Tim Hortons will invest US$600 million in Queretaro, announced State Governor Mauricio Kuri González. Kuri added that the Canadian company will bring thousands of jobs to the state during the next three years, as Queretaro can become a supplier for Tim Hortons worldwide.