Querétaro accumulates 104,000 million pesos in investment portfolio

Queretaro, Qro. The entity has a portfolio of 67 investment projects, that is, they are capitals with the intention of settling in the entity.

Together, if materialized, they represent investments of 104,259 million pesos, in addition to implying the creation of 28,107 jobs, said the Secretary of Sustainable Development (Sedesu), Marco Antonio Del Prete Tercero.

However, this 2022 (as of October 21) 43 projects have been completed for the state, which added investments of 20,380 million pesos to generate 11,893 jobs in the short and medium term.

Among the completed projects, the participation of Mexican companies stands out, since 20.9% (nine) are national projects.

“For Querétaro, Mexican investments are very important, nine of the 43 projects are companies from the country, they represent an investment of more than 1,167 million pesos and the generation of 1,558 potential jobs,” said the state secretary.

Only this week, the arrival of three investment projects for 779 million pesos was confirmed. Among them, the one announced by TSN, a New Zealand firm that develops strategic solutions for various industries, stands out; The company will spend 500 million pesos to establish a new headquarters in the entity, where it plans to create 500 jobs.

Also this week Michelin announced that it will install a new tire retreading plant in the entity and expand its BF Goodrich tire production line, investing 150 million pesos and creating 211 jobs.

Similarly, Petco, an American retailer of pet products, will spend 129 million pesos to install a Shared Services Center in the entity, where it will employ 530 people.

To these projects is added the investment of 12 million dollars that Safran foresees in the state by 2025, an investment confirmed by the director of Strategy for Safran in Mexico, Edgar Ciceño, within the framework of the Mexico Business Summit.

Al raises

Meanwhile, in the first semester of 2022, Querétaro received 654.8 million dollars of Foreign Direct Investment, an increase of 50.7% in relation to the same period of 2021 when it accumulated 434.4 million, according to reports from the Ministry of Economy (SE).

Accounts between companies reported the largest increase in foreign investment, adding 294.6 million dollars, from January to June of this year, 66.8 times more than the 4.4 million a year ago.

New investments contributed 61.3 million dollars in the first half, an increase of 60.1% compared to 38.3 million in the same period of 2021.

While for the reinvestment of profits, the state received 298.9 million dollars, a decrease of 23.7% compared to the 391.7 million dollars of the previous year.

estados@eleconomista.mx