Mercado Libre announced the investment of 1.1 billion dollars in Mexico, a record figure that represents a growth of 160% compared to the 420 million dollars announced in 2020.

According to the company, the resources will be allocated to the development of technological solutions, reinforcing fintech solutions such as the digital account, Mercado Crédito and support for financial education programs.

Also, it seeks to strengthen the operation of Mercado Envíos, expanding the logistics network and doubling the square meters of storage nationwide.

It will also create more than 4,700 new jobs, the plan involves increasing the number of employees who collaborate in areas such as shipping and IT by 360%. The positions for Mercado Pago, e-commerce, fraud prevention, marketing and various staff areas will also be expanded.

Currently, Mercado Libre has a distribution center of around 100,000 square meters in Tepotzotlán, State of Mexico.

It also has a 30 thousand square meter warehouse in Cuautitlán.

According to the Solili platform, the Tepotzotlán corridor has an inventory of 2,120,127 square meters with a vacancy rate of 7.9 percent, that is, 168,395 square meters.

Check in Solili, the availability of industrial buildings in this corridor and in others that make up the metropolitan area of Mexico City.