Mexico City is close to achieving the FDI goal for 2022: Sedeco

The Mexico City is at 2,000 million dollars to achieve the goal of attracting Foreign direct investment (IED) of this 2022, precisely, until September of this year the city has managed to attract 10,296 million.

This year the Secretariat of Economic Development (Sedeco) of the country’s capital made known to The Economist that the goal for 2022 is that the CDMX closing with a minimum of 12,000 million dollars, this could mean a historic year in terms of attracting foreign capital, that is, it would be the year in which the most FDI has arrived in the city since it was registered in the database of the Federal Ministry of Economy.

“The projection that we are going to have is going to be about more than 20% of all the FDI that the country receives in 2022 and we believe that we are going to reach 12,000, even up to 14,000 million dollars (…) We are sure that with this attraction of investment we would be changing the face of the city, we already had the historic first quarter at the start of the year and we seek to replicate more results like this”, explained last August the head of the Sedeco of Mexico City, Fadlala Akabani Hneide.

According to the local official, the Mexico City It has already positioned itself as the economic engine of the country since it accumulated from January to September 2022 the figure of 10,296 million dollars, which is 32% of the national total.

Which meant that the current administration of Claudia Sheinbaum Pardo has received 34.1% more investment than that registered in the same period of the previous government.

In addition, only contemplating the third quarter of 2022, it was the federal entity that received the most FDI, capturing 788.7 million dollars, followed by Guanajuato and Chihuahua, revealed the federal Ministry of Economy.

About which are the countries that have invested the most in Mexico City, these are the United States with 2,580 million dollars, followed by Spain with 593.5 million and in third place France, with an amount of 427.5 million.

Meanwhile, the sectors in which most are invested are information in the mass media, manufacturing industry and financial services.

“The unprecedented figures in FDI are an unequivocal symptom of the confidence, solidity and stability that large companies see in Mexico City, factors that strengthen the forecast for growth in the Gross Domestic Product, between 2.8 and 3.5% during the 2022, which accounts for the recovery of the economy”, pointed out Akabani Hneide.

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