U.S. companies ratify investments in Mexico

MEXICO - The Secretary of Economy, Marcelo Ebrard, reported that American companies announced to the President of Mexico Claudia Sheinbaum investments that exceed US$20 billion by 2025.

According to Ebrard, among the investments confirmed after the CEO Dialogue is that of Mexico Pacific for liquefied natural gas (LNG) projects in the north of the country, for US$15 billion.

The executive director of Mexico Pacific, Sarah Bairstow, said that the Saguaro Energía LNG facility and the gas pipeline that accompanies it, is a project of which she is proud, so they are reaffirming their investment, based on the conditions they see in the country.

Another is that of the cruise company Royal Caribbean for US$1.5 billion for a tourist development in Mahual, in Quintana Roo; there is also that of Amazon for US$6 billion to strengthen its network and digital capacity in Mexico.

Also mentioned was Pemex's association with Woodside Energy for the Trión project in ultra-deep waters, with an investment of US$10.4 billion.

“What is confirmed exceeds US$20 billion and what could be for 2025 exceeds US$30 billion, we went for the most conservative one because it is what is confirmed, we still have to close the year,” said Ebrard.

Ebrard described the CEO Dialogue as a success, with the attendance of 240 CEO's from Mexico and the United States. The meeting gained relevance after the approval of the Judicial Reform, which caused many concerns among businessmen, mainly from the United States.

He highlighted that the most important part in President Claudia Sheinbaum's messages was to give the certainty that investments in Mexico are safe.

“We are going to seek that trade in our region, which is 30% of the world's Gross Domestic Product, continues to grow. President Sheinbaum was saying: 'we do not compete with each other, we complement each other',” said the Secretary of Economy.