Queretaro Secures 42 Projects Worth MX$14 Billion in 2025

Queretaro has confirmed 42 new investment projects in 2025, representing a total of MX$14 billion (about US$800 million), maintaining the same pace of economic growth achieved in 2024, according to the state’s Minister of Sustainable Development (Sedesu), Marco Antonio Del Prete Tercero.

“We are maintaining last year’s rhythm. In the final six weeks, we expect to close the year with an investment level similar to 2024,” Del Prete said.

Among the projects is Solfium’s US$10 million investment in a technological platform focused on solar panel installation. Additionally, a MX$100 million investment was unveiled as part of a partnership between Gerresheimer and Cryoinfra, marking the launch of Mexico’s first green hydrogen plant.

LG Innotek also confirmed plans to build a new manufacturing center in Queretaro with an investment of MX$3.5 billion, further strengthening the state’s role as a hub for advanced manufacturing and clean technologies.

Energy Supply and Industrial Demand

Del Prete highlighted the ongoing efforts to address the region’s rising electricity demand, driven by new industrial and data infrastructure projects. CFE has confirmed several transmission and distribution projects to expand capacity by approximately 600MW by the end of the current state administration in 2027.

Private-sector initiatives are also contributing to energy infrastructure, such as the CloudHQ data center campus in Colon, which includes a dedicated switching substation to support future industrial developments.

“These investments in transmission and distribution provide certainty to industrial operations and manufacturing expansion,” del Prete said, noting that increased demand from manufacturing and data centers requires greater energy resilience.

Industrial Activity Fluctuations

Despite the strong investment flow, Queretaro’s industrial activity declined 3.3% year-over-year in July, mainly due to lower output in mining, construction and manufacturing, according to INEGI. Del Prete attributed the decline to global and local challenges facing the automotive industry, though he expressed confidence that July’s downturn would remain an exception rather than a trend.