50 Major Foreign Companies Seek to Invest 7.3 Billion USD in Nuevo Leon and Generate 50,000 Jobs

Nuevo Leon stands out as one of Mexico's key investment hubs. According to data from the local Economy Secretariat, as of now, there have been reports of 53 new foreign investment projects with an estimated value of at least $7.3 billion. These investments hold the potential to create around 50,000 direct and indirect jobs, which could significantly boost economic development in the northern region of the country.

Among the 50 large companies committed to investing in Nuevo Leon, renowned firms like Amazon, Bosch, Del Monte Foods, Genie, Globant, KIA Motors, Schneider Electric, and Siemens are included. Nevertheless, the most significant investment recorded to date comes from the steelmaker Ternium, with a projected amount of $3.2 billion, representing 44% of the total new investment projects in the state.

Regarding industry distribution, most foreign investments in Nuevo Leon are expected to originate from the manufacturing sector (72%), encompassing vehicle and parts production. Furthermore, should these projects come to fruition, industries related to consumer goods (22%), those associated with the TAMI group (3%), and the food sector (2%) are poised to have a significant economic impact on the region. The remaining investments will come from specialized companies in business products, public services, and transportation & logistics, according to data provided by the state government.

It is worth noting that in the past four months alone, the potential investment amount in Nuevo Leon has increased by 8%, compared to data up to July 2023, when 40 companies were registered with the possibility of investing nearly $6.8 billion.

Other potential investments could further strengthen these investment projects. The mayor of Salinas Victoria recently announced that the locality is set to attract $3 billion from Tesla suppliers and other vehicles and parts sector companies, such as Kawasaki.