Querétaro has a portfolio of 67 private investment projects
Mexico Now | May 05, 2022 |

The state currently has a portfolio of 67 private investment projects with the intention of settling in the state.

These projects represent investments of US$4.5 billion and the generation of 42,000 new jobs, said the Minister of Sustainable Development (Sedesu), Marco Antonio del Prete Tercero.

Of the total number of projects, 46 correspond to new investments and 21 are expansions of companies already installed in the state.

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"It's a perpetual inventory, because new projects arrive every day and new projects are confirmed every week," he said.

Only in the first three and a half months of the year, 18 investment projects were completed in the state, for US$419 million that will be executed in the state and that will generate 4,000 new jobs.

The Minister of State said that the behavior of investment projects in the first months of the year is positive, since the 18 investments made are equivalent to almost 56.2% of the 32 projects materialized throughout 2021.

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"There is a great acceptance index, in these three months we have 18 projects, last year there were 32, now we are almost 60% of what we closed last year, it is a very positive indicator", he explained.

Regarding the attraction of foreign direct investment (FDI), he highlighted that Spain heads the list of the largest issuer of FDI to the state; therefore, it remains one of the main commercial partners of Querétaro. At least 200 companies of Spanish origin have their headquarters in the state.

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