InvestinMx: New Investment Tool for MexicoBy Sofía Hanna | Mon, 03/01/2021 - 18:21
On Feb. 26, during a Federalist Alliance Meeting, “InvestinMx” was officially launched. This platform was created to attract investment to Mexico and position the country as a safe and reliable destination for foreign direct investment. Aguascalientes, Chihuahua, Coahuila, Colima, Durango, Guanajuato, Jalisco, Michoacan, Nuevo Leon and Tamaulipas collaborated in the platform’s development.
According to the InvestinMX official release, “InvestinMx is a digital platform that, in addition to attracting investment, will enable these 10 states to collaboratively promote the country, positioning Mexico in the international trade arena, coordinating a joint promotion strategy and developing and promoting productive linkages.” Projects are already forming with international organizations like the Pacific Alliance, ProPeru, ProChile, ProColombia, National Index, the European Economic Community (EEC) and Select USA. It is also mentioned that the project is expected to expand to Asaa, Europe and the US so there are physical spaces where information can be provided to potential investors.
People can find news of each sector on the official platform, which will also promote networking events and will share economic profiles and reasons to invest. The platform will provide information on international trade agreements, gross domestic product results, foreign direct investment and general data regarding geography and connections that could be beneficial for an investor.
During the meeting, Daniel Céspedes, from Mexico Industry and developer of the InvestinMx platform, said “Mexico is not only positioned among the 15 most important economies in the world but also has a privileged geographic location. The platform would be the meeting point where information on infrastructure, highly qualified human capital, technological advances and advanced manufacturing, geographic location, climate, trade agreements, among others, will be available.”
“Due to safety protocols, most retail spaces have seen a dramatic loss of traffic, which has led to rental contracts being temporarily renegotiated, including indefinite extensions. The hotel business might be the most affected. The cancellation of events and business trips has led to massive losses,” said Pedro Azcué, CEO and Latin America Chairman of JLL, to MBN. Relying on a natural or organic economic recovery would take too long. Investment and incurring in more debt to finance new projects that could generate profit are two options to advance this, as discussed in other MBN articles.