7 billion USD investment announced for Quintana Roo


Quintana Roo has reached an agreement for the investment of seven billion US dollars, for the next three years, distributed in 21 projects of different kinds, as part of the economic reactivation process, after the imbalance caused by the Covid-19 pandemic.

Bernardo Cueto Riestra, director of the Institute for Development and Financing of the State of Quintana Roo (Idefin), reported that the companies that have submitted a letter of intent to invest in the entity are mainly related to the tourism industry, the real estate sector, agribusiness, technology, among others.

If all materialize, the announced investment will generate around 118 thousand jobs in Quintana Roo.

“We continue to carry out investment attraction tasks, which is very relevant for the recovery of many jobs. Twenty-one private investment projects have already been added to our portfolio, and we are monitoring them so that they come to fruition, ”he announced at a press conference.

Cancun beach during summer

The official assured that these are ambitious projects that will give a new air to the state’s economy in a context of economic crisis like the one Mexico is currently experiencing.

Last year the Institute launched the second launch of the Pro Quintana Roo platform, through which it seeks to provide the necessary conditions for investment to settle in the entity.

Among the current projects on the platform is the Sha Wellness Center, a tourist complex under the concept of a “wellness clinic” that will be located in the Costa Mujeres area. There is also the project for an electrical corridor, which seeks to provide infrastructure to the northern part of the state for the use of electric vehicles.

Likewise, the expansion of the Belizean store Caribbe Tire, leader in Central America in the tire and auto parts industry, is on the horizon.

Bernardo Cueto said that the new investments also intend to diversify the state economy , based mainly on tourism.

Source: SIPSE

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